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Rupee off lows; foreign banks, exporters sell dollars

Source : REUTERS
Last Updated: Mon, Feb 18, 2013 08:13 hrs
An employee counts Indian rupee notes at a cash counter inside a bank in Agartala

The rupee is off one-month lows as dealers cite dollar selling by two foreign banks. Pair at 54.28/29, 54.44 intraday high, versus Friday's close of 54.22/23.

Dealers cite some dollar selling by exporters taking advantage of rupee at one-month lows.

Pair broke above its 100-day moving average on Friday, currently at 54.1374.

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