Rupee slips to 60.34 tracking dollar strength

The Indian rupee reversed course after a positive start on Friday. After closing at 60.13-14 on Thursday, the partially convertible rupee traded at 60.30 as of 09.54 a.m. It had earlier pulled back to 60.02 in early trades. A dealer told Reuters that the rupee is likely to trade in a 59.70-60.30 band today. Asian currencies were marginally weaker against the U.S. dollar. The U.S. dollar rallied broadly on Friday after the Eur...