Reuters Market Eye - The rupee falls marginally to 54.46/47 versus its previous close of 54.35/36 on the back of some short-covering seen after the recent gains and as oil firms buy the greenback.
The rupee had risen to a three-week high of 54.2650 on Wednesday. Traders expect the pair to hold in a 54.20 to 54.60 range rest of the session.
Traders to watch the domestic share market movement for cues on foreign fund flows during the day. The BSE Sensex is trading up 0.03 percent.
Dollar demand from oil firms, the biggest buyers in the domestic currency market, will also be watched.
(Reporting by Swati Bhat)
Glencore speeds up debt reduction with Australian copper mine deal
MELBOURNE Glencore Plc has agreed to sell all the gold and a 30 percent stake in its Ernest Henry copper mine in Australia to Evolution Mining for A$880 million ($670 million), advancing the Swiss giant's effort to pay down debt.
Gold steady as investors await U.S. rate hike clues
Gold was trading in a narrow range on Wednesday as investors waited for clues on whether the U.S. Federal Reserve would hike interest rates this year.
Asia stocks cement gains after recent rally, oil slips
HONG KONG Asian stocks consolidated recent gains on Wednesday, helped by Wall Street's rise overnight, even as oil prices slid after a surprise build in U.S. crude stocks.