Reuters Market Eye - Rupee trading lower at 53.86/8650, off 53.63 highs, and vs 53.71/72 last close.
Dealers say oil bids at lower levels pushing pair higher, local shares also off highs, some short-covering also seen.
Pair has immediate resistance at 54-54.05 backed by 54.25-30.
(Reporting by Subhadip Sircar)
Trending On Reuters
With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column