Rupee falls on importer dollar demand
May 21 2014 , Mumbai
Traders expect some consolidation in the rupee, with rupee expected to hover above the 11-month high of 58.32 per dollar hit on Monday.
Still, continued foreign inflows into local equities and debt could cap broader advances in the USD/INR, traders say.
The rupee is seen moving in a 58.50 to 58.80 range during the session.