Rupee falls on oil bids
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)
- Tweet this
- Share this
- Digg this
India will find it difficult to support new global customs rules without "an assurance and visible outcomes" that a permanent solution is being negotiated over its concerns about public food stockholdings, the trade minister said on Friday. Full Article