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Rupee near day's high on corporate dollar selling

Source : REUTERS
Last Updated: Tue, Sep 24, 2013 07:27 hrs
An employee uses an electronic machine to check an Indian currency note inside a bank in Allahabad

The rupee is trading near day's high, having pared most of its losses in the session on corporate dollar selling. The USD/INR pair is at 62.63/66 versus 62.9050 intraday low and 62.60/61 last close.

Some corporate inflows around 62.85 are helping INR, but importer bids are keeping the pair supported.

The pair is likely to remain in the 62.50-62.90 range for the day.

Local stocks are off highs, up 0.02 percent.


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