Rupee lower, tracking weak local shares

Reuters

Reuters Market Eye - The rupee edges lower to 61.69/70 versus its close of 61.43/44 on Friday, tracking weakness in the domestic sharemarket.

Traders say losses in some other Asian currencies also hurting sentiment. The BSE Sensex down 1 percent.

Traders, however, expect exporters to sell dollars around 61.80 levels, limiting a much sharper rise in the pair.

(Reporting by Swati Bhat)

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