Rupee Rises as Large Corporate Sells Dollars

The rupee was trading at 60.12/13 in afternoon trade on Friday versus its Thursday's close of 60.19/20 as dollar sales by a corporate aided the Indian unit.

Losses in the domestic share market, however, prevented the currency from gaining further.

As of 2:58 p.m., the Nifty was down 1 per cent.

The rupee is seen moving in a range of 60.00 to 60.30 during the rest of the session.

Copyright: Thomson Reuters 2014