Rupee lower as Asia FX weak

Tags: Rupee, News
The rupee falls for a fourth session, driven by weak Asian FX a day


after U.S. announces stimulus taper. The unit is trading at 62.27/29 versus Thursday's close of 62.14/15.

The rupee is, however, off 62.40 low on dollar selling by a large state-run as well as a foreign bank.

The Thai baht touched a three-year low on Friday, as the dollar stayed firm in the wake of the U.S. Federal Reserve's decision to start scaling back its bond-buying stimulus from January.

The USD/INR pair may hold in 62.20-62.70 range for session, say dealers.

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