Rupee off day's highs; importers seen buying dollars

The rupee trims gains in the afternoon session to trade at 60.74/75 versus Thursday's close of 60.88/89, sharply off the day's high of 60.45.

August 12, 2013 / 15:42 IST

The rupee trims gains in the afternoon session to trade at 60.74/75 versus Thursday's close of 60.88/89, sharply off the day's high of 60.45.

Also read: Exports grows by 11.6% to $25.83bn in July

Traders say good demand for the greenback from importers, particularly oil firms, is seen helping the pair.

The RBI's latest round of measures to further tighten banking system cash conditions are failing to have a large impact on the rupee at least immediately.

first published: Aug 12, 2013 03:42 pm

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