Reuters | Updated On: October 08, 2014 10:02 (IST)
The rupee was trading steady at 61.43/44, while the Nifty was trading down 0.1 per cent in early trade.
Losses in shares are offset by the positive growth forecast for India from the International Monetary Fund.
IMF increased India's growth projection for FY15 to 5.6 per cent from 5.4 per cent, while cutting global growth forecast.
Asian currencies were trading mixed compared with the dollar. Shares are to be monitored for clues on foreign fund flows.
Lower global crude oil prices will also hurt the pair, traders said. The pair is seen trading in a 61.30 to 61.60 range during the session.
Copyright: Thomson Reuters 2014
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