Rupee Trading Higher

January 30, 2013 7:23 AM GMT

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(Photo: Reuters/Jayanta Dey/Files)<br>An employee sorts rupee notes at a cash counter inside a bank in Agartala February 18, 2010.
(Photo: Reuters/Jayanta Dey/Files)
An employee sorts rupee notes at a cash counter inside a bank in Agartala February 18, 2010.

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The rupee is trading at 53.56/57 versus its previous close of 53.76/77 and off the day's high of 53.42, which was its weakest since January 22 as month-end dollar demand from importers weighs.

Traders say oil firms among the biggest buyers of the U.S. unit, pulling it off the over one-week lows.

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Losses in domestic shares also hurting the rupee.

Traders expect the pair to hold in a 53.40 to 53.80 range during the session.

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