Rupee Edges up to 61.87 Against Dollar

The rupee traded at 61.8775/8800 against Thursday's close of 61.94/95. Record high local stocks boosted sentiment for the rupee. Profit-booking also weighed on pair after USD/INR hit a nine-month high on Thursday. State-owned banks bought dollars around 61.84/85 for oil companies, a trader said. The rupee is seen in a 61.80 to 62.00 range until close. Copyright: Thomson Reuters 2014