Reuters Market Eye - The rupee rises to a near one-month low as local stocks are in negative. The unit is at 54.60/61 after falling to 54.6650, its lowest since March 8, versus 54.43/44 close on Wednesday.
Local stocks down 0.8 pct.
The pair has resistance at 54.66 and 54.85, the 61.8 percent and 76.4 percent Fibonacci retracement of the 55.15-53.90 decline.
The yen dropped sharply on Thursday after the Bank of Japan announced aggressive easing, saying it will double its holdings of bonds and stocks in two years.
(Reporting by Subhadip Sircar)
