ET:Rupee off lows after PM comments, down 0.3% on week
The rupee is trading in a tight band, with the pair off lows after Prime Minister Manmohan Singh says the Reserve Bank of India's steps to boost the rupee may be temporary.
The rupee is at 59.69/70 versus last close of 59.67/68, having traded in a 59.69-59.88 band.
Dealers are also awaiting cut-offs at a federal bond auction, which will give signal on what yields the RBI is comfortable with.
The rupee is headed for the 10th week of loss out of 11, down 0.3 per cent.
Short positions in the rupee has increased despite RBI steps, Reuters poll showed.
