Rupee falls; traders cover short dollar positions

Rupee trades at 53.75-76 versus its previous close of 53.6650-6750. Traders trim short dollar positions ahead of the long weekend. Forex and debt markets will remain closed on Friday as banks are shut for a local holiday.

January 24, 2013 / 13:38 IST

Rupee trades at 53.75-76 versus its previous close of 53.6650-6750. Traders trim short dollar positions ahead of the long weekend.

Forex and debt markets will remain closed on Friday as banks are shut for a local holiday.

Asian currencies trading mixed versus the dollar.

Rupee seen in narrow range of 53.55-53.85/USD: Mohan Shenoi

The Sensex is trading up 0.2 percent, limiting further gains in the pair but market is expected to be choppy ahead of the monetary policy review on Tuesday.

Traders expect USD/INR to hold in a 53.50 to 53.90 range during the session with demand from oil companies being a key factor to watch out for.

first published: Jan 24, 2013 11:19 am

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