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
The government has turned down the military's request to expand the acquisition of 36 fighter planes from Dassault Aviation SA to plug vital gaps, officials said, nudging it to accept an indigenous combat plane 32 years in the making. Full Article