January 28, 2013 11:15 AM IST

Rupee Declines on Weak Regional Trading

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Rupee Declines on Weak Regional Trading

The rupee falls to 53.90/91 versus its Thursday's close 53.68/69 tracking weakness in most Asian currencies versus the dollar. Most regional shares also trading weaker but traders expect bunched-up dollar flows from Friday to be sold around 53.95-54.00 levels, limiting sharper gains beyond that level. Forex and debt markets were closed on Friday for a local holiday. Domestic sharemarket movements to be watched for direction during the day. Shares .BSESN currently trading up 0.1 percent.

An employee sorts rupee notes at a cash counter inside a bank in Agartala February 18, 2010.
Reuters/Jayanta Dey/Files
An employee sorts rupee notes at a cash counter inside a bank in Agartala February 18, 2010.
Copyright 2012 Thomson Reuters. All rights reserved.
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