Rupee edges up; shares eyed for cues

The rupee edges up to 60.95/96 versus its Friday close of 61.19/20, tracking gains in the domestic share market. Financial markets were closed on Monday for a local holiday.

The rupee edges up to 60.95/96 versus its Friday close of 61.19/20, tracking gains in the domestic share market. Financial markets were closed on Monday for a local holiday.

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Most other Asian currencies trading stronger compared with the dollar.

Traders will also monitor the domestic share market for cues on foreign fund flows.

The euro edged up 0.1% to $1.3934, within reach of a 2-1/2-year high around $1.3967 hit on Thursday on diminished expectations of easing by the European Central Bank.

Traders expect importers to buy the greenback around 60.85-90 levels holding the USD/INR pair in a 60.80 to 61.20 range for the session.