<div>The rupee is trading at 60.28/29 after opening at 60.30 per dollar. The Indian unit closed at 60.23/24 on Tuesday (15 April).<br /><br />Concerns over escalating tensions in Ukraine sapped enthusiasm for emerging market assets on Wednesday (16 April).<br /><br />The rupee is expected to move in the 60.20 to 60.60 range for the day.<br /><br />Indian shares opened flat on Wednesday as foreign institutional investors continue sales in cash shares and equity derivatives.<br /><br />A higher-than-expected consumer price inflation data largely priced in, traders say, but markets cautious on FII flows.<br /><br />Traders also cautious after data showed that overseas investors sold Indian shares worth of 216.3 million rupees ($3.59 million) on Tuesday - the second straight session of outflows.<br /><br />Foreign investors have also been sellers of debt this month, with outflows of $576.59 million till April 12, regulatory data showed.<br /><br />(Reuters)</div>
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