The rupee keeping losses as local stocks remain in red, oil buying supports, say dealers. Pair at 53.34/35 vs 53.285/295 last close. It has traded in a 53.2050-53.42 band.
Pair earlier fell to a low of 53.2050, which dealers say was largely due to selling by a private petrochem company.
Dealers cite good two-way interest with some flow-related selling and subsequent oil buying.
Some selling may come in if pair rises to 53.45-53.48 levels, adds dealer.