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Rupee falls on oil demand, buying by state-run banks
January 23, 2013 / 4:38 AM / 5 years ago

Rupee falls on oil demand, buying by state-run banks

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

Reuters Market Eye - The rupee falls as importer demand kicks in, led by oil-related dollar buying, say dealers. The rupee is at 53.78/79, off 53.655 highs, versus 53.81/82 last close.

Demand from state-run banks also helping pair, add dealers.

RBI’s easing exporter rules will also provide some support for pair.

Reporting by Subhadip Sircar

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