Indian rupee vs US dollar: Foreign banks sell American currency

Jan 21 2014, 14:17 IST
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Indian rupee has traded in a 61.45-61.54 range, last 61.51/52 versus Monday close of 61.62/63. (AP) Indian rupee has traded in a 61.45-61.54 range, last 61.51/52 versus Monday close of 61.62/63. (AP)
SummaryIndian rupee has traded in a 61.45-61.54 range against the US dollar.

Indian rupee still down against US dollar with activity both on the bid and offer sides, with mainly foreign banks on the sell side and a large state-run bank being a buyer.

The pair has traded in a 61.45-61.54 range, last 61.51/52 versus Monday close of 61.62/63.

Foreign banks have been buyers of $2.8 billion of Indian rupee debt in January.

The euro holding steady against US dollar, staying above a two-month low of $1.3508.

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