Rupee off 5-month lows, edges higher
Traders cite modest RBI intervention
 "Rupee off 5-month lows, edges higher")
The rupee gained to 61.31/3250 from a session low of 61.55, the highest since March 14.
The pair had closed at 61.4950/5050 on Wednesday.
Traders cited modest RBI intervention to defend the rupee via state-run lenders. That marks a changed stance from not long ago when the RBI was buying dollars.
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Dealers said foreign custodian banks were buying dollars for offshore clients trimming exposure to India.
The Nifty was up 0.42% on value buying.