Indian rupee seen opening firm; flows to remain critical

Jul 11 2014, 08:53 IST
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Rupee is seen moving in a 60.0 to 60.50 range during the session. Rupee is seen moving in a 60.0 to 60.50 range during the session.
SummaryRupee is seen moving in a 60.0 to 60.50 range during the session.

Indian rupee seen opening stronger against US dollar compared with its Thursday's close of 60.19/20, tracking the dollar's gains against most other Asian currencies.

Rupee is seen moving in a 60.0 to 60.50 range during the session.

The Nifty stock futures traded in Singapore currently up 0.2 percent. The local sharemarket will provide cues on the direction of foreign fund flows.

The pair seen trading at 60.25 in the offshore non-deliverable forwards market.

Most Asian currencies trading weaker.

Asian shares recouped early losses on Friday as sentiment in the region proved resilient to Portuguese bank concerns amid signs offshore funds were returning to emerging world assets.

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