Rupee edges up on hopes of foreign fund inflows
Jul 22 2014 , Mumbai
Foreign investors bought shares worth $26.73 million on Monday, a fourth straight day of purchases. The Nifty is trading up 0.43 percent in preopen trade, raising hopes for more foreign fund inflows.
Traders, however, expect some dollar demand from importers during the session, which will limit any sharp gains in the rupee. The Indian unit is seen moving in a 60.10 to 60.50 range during the day.