Rupee off lows on dollar forwards talk

MARKET-EYE-INDIA-RUPEE:Rupee off lows on dollar forwards talk

April 24, 2012 / 15:06 IST

Reuters Market Eye - The rupee fell from its three and half month peak on market talk that authorities could be looking to support the local currency via a relaxation of regulations concerning forward bookings of dollars.
*A bounceback in the BSE Sensex also helps the rupee, traders say.
* USD/INR trading at 52.64/65, up from Monday's close of 52.52, but below from the session's high of 52.86 - a level last seen January 9.
(Reporting by Aditya Phatak; Editing by Rafael Nam)

first published: Apr 24, 2012 03:06 pm

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