Rupee falls on oil demand, buying by state-run banks
Reuters Market Eye - The rupee falls as importer demand kicks in, led by oil-related dollar buying, say dealers. The rupee is at 53.78/79, off 53.655 highs, versus 53.81/82 last close.
Demand from state-run banks also helping pair, add dealers.
RBI's easing exporter rules will also provide some support for pair.
(Reporting by Subhadip Sircar)
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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