Rupee at 1-1/2 week low as dollar gains on upbeat US data

Tags: News
The rupee falls to 60.28 in early trading, its highest since July 22.

The rupee was last trading at 60.21 versus previous close of 60.06/07.

Dollar still near six-month peak after upbeat U.S. GDP data, but mixed views from the Federal Reserve tempers rally.

The Nifty is down 0.16 percent; will be watched for clues on foreign fund flows.

The Indian unit is seen in 60.10 to 60.50 range.

EDITORIAL OF THE DAY

  • India’s commercial links with Britain since Company Raj will still prosper

    There is little point in shedding tears over Britain’s exit from the European Union (EU).

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