Reuters Market Eye - The rupee is trading weaker at 61.97/98 versus its close of 61.79/80 on Tuesday, with dollar demand from oil firms hurting.
Traders expect exporters to step up dollar selling around 62-62.05 levels, limiting very sharp gains from current levels.
The Thai baht hit a near four-year low on Thursday, pressured by political uncertainty, while most emerging Asian currencies eased in holiday-thinned trading on expectations that a solid U.S. economic recovery would allow the Federal Reserve to gradually withdraw its stimulus. The Sensex trading up 0.2 percent while the broader Nifty is up 0.24 percent.
(Reporting by Swati Bhat)