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Rupee edges down tracking Asian crosses

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Reuters

Reuters Market Eye - The rupee edges lower to 55.68/69 versus its close of 55.5675/5775 on Monday on the back of losses in other Asian currencies versus the dollar.

Traders expect some dollar demand from oil refiners looking to meet month-end import commitments later in the day, which could further boost the dollar.

USD/INR seen moving in a 55.50 to 55.80 range during the session, say traders.

Domestic shares to be watched for cues on foreign fund flows. Shares currently trading up 0.3 percent. Most Asian currencies trading weaker compared with the dollar.

(Reporting by Swati Bhat)

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First Published: May 28 2013 | 9:51 AM IST

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