Rupee edges up to 61.90 tracking stock market gains

The rupee edges up to 61.90/91 versus its close of 62.16/17 on Thursday, tracking gains in the domestic share market.

Traders say exporters spotted selling dollars above the 62 mark, preventing further losses in the rupee.

Dollar demand from oil firms to meet month-end import commitments will however limit a further sharp downside in the USD/INR pair, thus holding the pair in a 61.80 to 62.20 range in the rest of the session.

Most Asian currencies also trading stronger versus the dollar.

Copyright: Thomson Reuters 2013