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Rupee off lows as euro rallies oil demand seen

Custodian banks, including a US bank, seen selling intermittently

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Reuters Brussels
Last Updated : Jan 20 2013 | 4:33 AM IST

 The rupee falls to 56.28/30 from its 56.12/13 previous close, though above session low of 56.44.

Dealers say USD/INR off session high as euro rallies on media reports that European Central Bank policymaker Ewald Nowotny saw grounds for giving the euro zone bailout fund a banking licence.

Senior dealer tips 56.10-56.45 range for the rest of the session.

Month-end dollar demand from oil companies also seen, supporting USD/INR.

Custodian banks, including a U.S. bank, seen selling intermittently, but not much impact as USD demand is strong.

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First Published: Jul 25 2012 | 2:01 PM IST

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