FE:Indian rupee vs US dollar at session lows; lower WPI, strong shares hurt
Indian rupee vs US dollar trading near session lows at 62.16/17 versus its close of 62.42/43 on Thursday, tracking gains in the domestic sharemarket and a lower-than-expected wholesale price inflation print.
Traders say corporates seen selling dollars ahead of the interim budget due to be presented on Monday.
India's wholesale price-based inflation eased to an eight-month low in January as food prices moderated, offering some relief to policymakers who have long battled to get a handle on surging prices.
Local shares closed up 0.9 percent, hurting sentiment for the greenback.
