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Rupee falls on oil bids

Source : REUTERS
Last Updated: Mon, Jan 21, 2013 06:07 hrs
An employee arranges Indian currency notes at cash counter inside a bank in Agartala

Rupee trading lower at 53.86/8650, off 53.63 highs, and vs 53.71/72 last close.

Dealers say oil bids at lower levels pushing pair higher, local shares also off highs, some short-covering also seen.

Pair has immediate resistance at 54-54.05 backed by 54.25-30.

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