Rupee edges up in early trade

Tags: News
The rupee is trading at 60.02/03 versus its Friday's close of 60.0850/0950, as the dollar makes losses versus most other Asian currencies.

The rupee is seen holding in a 59.80 to 60.30 range during the session. Demand for the greenback from oil refiners looking to meet month-end demand is expected to limit any sharp downward pressure on the USD/INR pair.

Most Asian currencies stronger against the dollar.

Traders will monitor the domestic share market for clues on the direction of foreign fund flows. The BSE Sensex is up more than 250 points.

Asian share markets edged cautiously higher while the dollar stayed under pressure ahead of packed week of economic data that will test investor hopes for a pick-up in the U.S. and global economies.


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