April 9, 2013 / 7:33 AM / 5 years ago

MARKET EYE-USD/INR recoups some loss as oil demand aids

* USD/INR recovers some of the loss to trade at
54.52/53, from the day's low of 54.4075, its weakest since April
3 and down versus its previous close of 54.56/57.
* Shares trading up 0.6 percent. 
* Traders expect the pair to hold in a 54.30 to 54.60 range
during the day.
* Most other Asian currencies also trading stronger compared
with the dollar. 
* Traders say there were good dollar supplies in the morning
which hurt the pair but oil related dollar demand limited the
downside.

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

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