Rupee stable; on watch for late RBI action

Reuters Market Eye - The rupee is holding stable around 53.54/55 after volatile week, with the cross closing at 53.44/45 on Thursday.

Senior traders cite rumours of dealers having booked big losses in inter-bank spot markets on Thursday, which triggered stop-losses.

No definitive signs of RBI selling dollars in the session, but traders keenly watching last hour of trade as central bank has tended to step in late in the session.