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Rupee up after two days of losses; exporters sell
January 17, 2013 / 5:12 AM / 5 years ago

Rupee up after two days of losses; exporters sell

Reuters Market eye - The rupee rises to 54.59/60 versus its previous close of 54.69/70 as exporters sell the greenback after the pair rises for two straight sessions.

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

Most Asian currencies also trading stronger compared with the dollar.

The Sensex is trading up 0.4 percent, hurting sentiment for the dollar.

Traders, however, expect dollar demand from oil companies to continue later in the session and limit any sharp downside in the pair.

Reporting by Swati Bhat

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