Rupee slips to 60.09 per dollar

The rupee fell slightly to 60.08/09 versus its previous close of 60.0650/0750, with broad gains in the dollar versus other majors hurting the Indian unit but mixed cues from other Asian currencies will keep the USD/INR pair rangebound.

Traders will monitor the local share market for cues on foreign fund flows. The rupee rose to a one-month high of 59.9225 on Thursday and is seen moving in a 59.90 to 60.20 range during the session.

The index of the dollar against six major currencies was up 0.12 per cent. Asian currencies were trading mixed versus the dollar.

Asian shares mostly slumped on Friday as a tense situation in Ukraine made investors cautious, though a tame inflation report from China calmed some nerves.

Copyright: Thomson Reuters 2014