Reuters Market Eye - Rupee trading lower at 53.86/8650, off 53.63 highs, and vs 53.71/72 last close.
Dealers say oil bids at lower levels pushing pair higher, local shares also off highs, some short-covering also seen.
Pair has immediate resistance at 54-54.05 backed by 54.25-30.
(Reporting by Subhadip Sircar)
Trending On Reuters
India gathered momentum from January to March to extend its lead as the world's fastest growing large economy, helping Prime Minister Narendra Modi craft an impressive sales pitch for meetings with investors in the United States next week. Full Article