<div>The rupee is trading lower at 60.23/60.24 compared with Monday's close of 60.07/08 as the dollar trades stronger against the Indian unit's Asian peers.<br /><br />Dealers say state-run banks have been mopping up dollars for oil- and defence-related payments, aiding the greenback.<br /><br />The Nifty is up 0.8 per cent. The local share market will provide cues on the direction of foreign fund flows.<br /><br />Overseas investors sold Indian shares worth $93.04 million on Monday (14 July), provisional exchange data shows.<br /><br />The rupee is seen moving in a 59.85 to 60.35 range during the session.<br /><br />Investors await Federal Reserve Chair Janet Yellen's testimony before the congress due later in the day.<br /><br />(Reuters)</div>
