Rupee Struggles Amid Month-End Dollar Demand

The rupee was trading at 61.82/83 versus Wednesday's close of 61.8450/8550. Demand from importers to meet their month-end commitments is likely to weigh on the currency. Movement in domestic shares key for cues on foreign fund flows.

The Nifty was trading flat ahead of the expiry of the monthly derivatives contract. Dollar dips versus yen, euro and most other Asian currencies.

Sentiment is also likely to remain cautious ahead of GDP data aftermarket hours on Friday and the RBI policy review on Tuesday.

USD/INR is seen moving in a 61.70 to 62.10 range.

Copyright: Thomson Reuters 2014