Rupee loses on oil bids

The rupee falls to 55.4150/43 vs 55.28/29 last close. Dealers say good demand from oil importers and likely defence-related demand keeping pair bid.

Local stocks flat with Sensex down 0.1 percent.

Brent crude rose above $114 per barrel on Monday to its highest in more than three months as Israel's comments on stopping Iran from proceeding with a disputed nuclear programme stoked worries about a disruption in supply from the region.

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