September 17, 2012 / 10:58 AM / 5 years ago

MARKET EYE-USD/INR off highs; exporters, funds sell

* USD/INR gives up some of its gains after the RBI held
interest rates steady; pair at 53.84/85 as of 1054 GMT after
rising to as high as 54.15.
* Dealers say exporters, foreign fund selling pulls down pair.
* India's BSE index rises 0.4 percent to its highest
close since late July 2011. 
* USD/INR still headed for significant falls from its previous
close of 54.30/31, having hit a session low of 53.66 in early
trade after the government's big bang reforms announced on
Friday. 

 (subhadip.sircar@thomsonreuters.com /
subhadip.sircar.thomsonreuters.com@reuters.net)

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