Downgrade Warning

Construction workers work at a site as the sun sets in the northern Indian city of Chandigarh December 16, 2006. REUTERS/Ajay Verma/Files

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Rupee falls tracking weak regional sentiment

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An employee sorts rupee notes at a cash counter inside a bank in Agartala February 18, 2010. REUTERS/Jayanta Dey/Files

An employee sorts rupee notes at a cash counter inside a bank in Agartala February 18, 2010.

Credit: Reuters/Jayanta Dey/Files

Mon Jan 28, 2013 9:50am IST

Reuters Market Eye - The rupee falls to 53.90/91 versus its Thursday's close 53.68/69 tracking weakness in most Asian currencies versus the dollar.

Most regional shares also trading weaker but traders expect bunched-up dollar flows from Friday to be sold around 53.95-54.00 levels, limiting sharper gains beyond that level.

Forex and debt markets were closed on Friday for a local holiday.

Domestic sharemarket movements to be watched for direction during the day. Shares .BSESN currently trading up 0.1 percent.

(Reporting by Swati Bhat)
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