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 rose to a record high on Monday and the rupee hit a four-month high after the main opposition party BJP, widely seen by investors as being more business friendly, swept three out of four key state elections held since last month. Full Article