The U.S. dollar index, which measures the currency against six developed-market counterparts, was down 0.25% at 103.06, below Friday s 10-week high of 103.68.Another trader said the market has resigned to the fact that the central bank was unlikely to let the rupee fall towards its record low of 83.29 and thus the local unit is seen hovering around the 83-level in the near term
Rupee to fall on surging US yields; 83/USD to be breached without RBI's help reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
The rupee closed down 0.1% at 82.8275 per dollar. It weakened at open, on the stronger dollar, before settling into a narrow range.The Reserve Bank of India selling dollars at around the 82.80 level was among the main factors preventing further weakness, traders said
Rupee edges lower, but likely RBI hand limits decline kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.