Friday 1 August 2014

Rupee stays at three-month low; U.S. jobs data key

The rupee (INR=D2) falls to 60.80 versus the dollar, its lowest since April 25. The pair was last trading at 60.7750/78 compared with its Thursday close of 60.55/56.
In July, the dollar index rose to a 10-1/2 month peak.
U.S. monthly jobs data later in day will be key for USD/INR's direction.
The Nifty is down 0.6 percent tracking lower Asian shares.

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