ET:Rupee edges up on dollar inflows; share gains help Read more at: http://economictimes.indiatimes.com/articleshow/30993102.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The rupee was at 61.91/92 versus its close of 62.07/08 on Monday, as dollar inflows from an offshore bond sale seen while gains in other Asian units versus the dollar also helped the pair.
Indian Railway Finance Corp (IRFC) raised $500 million via offshore bonds, with the issue attracting a strong order book of over $3 billion, according to International Financing Review, a Thomson Reuters publication.
The pair is expected to hold in a 61.80 to 62.20 range during the session with importers expected to step in to buy dollars below the 62 mark, limiting a sharp downside.
Local shares up 0.3 per cent and will be watched for cues on foreign fund flows.
