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Rupee remains weak on dollar demand

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Reuters Delhi, India

Reuters Market Eye - The rupee continues to trade weaker at 53.65/66 versus its previous close of 53.50/51 due to dollar demand from oil firms.

Traders, however, say volumes lower than average with most other Asian markets closed for the lunar new year holidays.

Domestic shares largely flat in the absence of any major regional cues.

Euro's fall to a two-week low for a fleeting moment versus the dollar also boosting sentiment for the USD/INR pair.

(Reporting by Swati Bhat)

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First Published: Feb 11 2013 | 1:37 PM IST

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