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Indian rupee edges down at open, stocks watched for cues.


Date: 23-12-2013
Subject: Indian rupee edges down at open, stocks watched for cues
Indian rupee is trading at 61.94/95 versus US dollar in early trade on Monday, tracking slight gains in most Asian sharemarkets. The rupee had closed at 62.04/05 on Friday.

Traders will monitor the domestic share market for cues on the direction of foreign fund flows.

Asian currencies trading mixed versus the dollar.

The trading in BSE Sensex is flat in pre-open trade, while the MSCI index of Asian shares ex-Japan rises 0.4 percent.

Traders expect the pair to hold in a 61.80 to 62.20 range initially during the session.

Source : indianexpress.com

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