The rupee opens lower at 53.52/53 vs 53.36/37 last close as local stocks fall tracking Asian indexes.
Month-end oil-related USD demand will be watched, say dealers.
USD/INR may move toward 53.66-75, followed by 54, but eventual risk remains for down move towards 52.18, the 38.2 percent of the 43.85-57.32 (February 27, 2011-June 22, 2012) rally, charts show.
