US dollar, Indian rupee range-bound; bounces off lows as shares retreat

Apr 07 2014, 14:29 IST
Comments 0
Overseas investors have been steady buyers of shares since early March, helping support shares. Reuters Overseas investors have been steady buyers of shares since early March, helping support shares. Reuters
SummaryUS dollar, Indian rupee is range-bound at 60.06/60.07 versus previous close of 60.08/09, bouncing from session low of 59.78/79.

US dollar, Indian rupee is range-bound at 60.06/60.07 versus previous close of 60.08/09, bouncing from session low of 59.78/79.

Trading is subdued as Tuesday is a local market holiday.

USD/INR has come off an eight-month low of 59.5950 hit on Wednesday, as shares head for a third consecutive session of falls, retreating from record highs hit last week, due to caution sparked by the start of a five-week long election process on Monday.

Overseas investors have been steady buyers of shares since early March, helping support shares.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...