May 30, 2013 / 7:33 AM / 4 years ago

MARKET EYE-USD/INR gains due to demand from importers; euro fall aids

* USD/INR gains to 56.24/25 versus its close of
56.17/18 on Wednesday, tracking a drop in the euro and on the
back of heavy dollar demand from importers to meet month-end
commitments.
* Traders say oil firms are among the major buyers of the
greenback so far on Thursday.
* The euro trading at $1.2966, down from the session's
high of $1.2985.
* Choppy domestic shares also failing to provide much respite.
Shares trading flat on the day. 
* Traders, however, expect the upside for the pair to be capped
at 56.35-40 levels for the day as exporters are expected to step
in to sell the greenback around those levels.

 (swati.bhat@thomsonreuters.com/;
swati.bhat.thomsonreuters.com@reuters.net)

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