ADVERTISEMENT

Rupee Falls as Dollar Rises Overseas; Oil Companies Watched

The rupee is trading at 61.8250 versus Tuesday's close of 61.74/75.

Dollar gains after plunging on Tuesday, up 0.21 per cent.

Dollars buys from oil cos expected to help the USD/INR pair gain further.

Traders say next resistance is at 61.95, a 1-month high.

Most Asian currencies trading weaker versus the dollar.

Investors brace for FOMC minutes this week.

Copyright: Thomson Reuters 2014