Indian rupee to open higher tracking broad US dollar gains; fund flows eyed

Aug 06 2014, 08:52 IST
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SummaryIndian rupee seen opening stronger versus its Tuesday's close of 60.8450/8550, tracking broad gains in the dollar.

Indian rupee seen opening stronger versus its Tuesday's close of 60.8450/8550, tracking broad gains in the dollar.

Pair seen in 60.90 to 61.30 range during the session.

Most Asian currencies trading weaker compared with the dollar.

Asian stocks slip while the U.S. dollar holds firm after a slump on Wall Street and tensions over Ukraine instil a mood of risk aversion across markets.

The pair trading at 61.18 in the offshore non-deliverable forwards, spot indicative trade

Local shares to be watched for cues on fund flows. The Nifty futures in Singapore trading down 0.3 percent.

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