Rupee lower; stocks trading with minor gains

Tags: Rupee, News
The rupee falls, trading at 61.98/99 versus Tuesday's close of 61.9350/9450.

A large state-run bank

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is on bid side, says dealers, likely to meet month-end importer requirements.

The USD/INR pair is likely to trade sideways in 61.70-62.20 band.

The yen was broadly firmer early on Wednesday, following a generally lacklustre session that saw investors give the dollar a wide berth on the back of a decline in U.S. Treasury yields.

Local stocks trading with minor gains, up 0.3 percent.

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