Rupee Off Lows on Corporate Dollar Sales

The rupee was trading at 61.90/91 versus Monday's close of 61.9350/9450. The Indian unit had earlier fallen to 62.04.

Traders said a large software exporter was seen selling dollars in the market.

Further gains, however are unlikely on the back of weak local shares. Nifty was trading down 0.7 per cent.

The rupee is seen in a 61.80 to 62.00 range rest of the day. Traders will watch fund flows for direction during the day.

Asian currencies were trading mixed vs the dollar.

Copyright: Thomson Reuters 2014