Rupee rises tracking broad dollar fall

Mumbai: The rupee is trading at 61.80/81 versus Tuesday's close of 61.86/87. Gains in other Asian currencies vs the dollar hurting sentiment for the pair. Foreign funds bought shares worth $188.84 million in equities on Tuesday despite both the indexes closing weaker.

Movement in shares will continue to be monitored for fund-flow cues. The Nifty is trading down 0.13 pct in early trade.

The USD/INR is seen moving in a 61.60 to 62.00 range initially, dealers say.