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)
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