Rupee up after two days of losses; exporters sell
Reuters Market eye - The rupee rises to 54.59/60 versus its previous close of 54.69/70 as exporters sell the greenback after the pair rises for two straight sessions.
Most Asian currencies also trading stronger compared with the dollar.
The Sensex is trading up 0.4 percent, hurting sentiment for the dollar.
Traders, however, expect dollar demand from oil companies to continue later in the session and limit any sharp downside in the pair.
(Reporting by Swati Bhat)
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The BSE Sensex ended up slightly on Monday after rising to a record high for a third consecutive session as strong foreign buying continued to boost domestic-focused shares such as those of HDFC Bank, but momentum waned as exporters slumped on a stronger currency. Full Article