Reuters Market Eye - The rupee is trading at 55.02/03 versus its close of 54.88/89 on Friday, tracking weakness in the domestic share market and good demand from importers.
Traders say good demand for the greenback from oil importers and gold firms hurting the rupee.
Traders, however, expect the pair to face a stiff resistance around 55.15 levels, holding it in a broad range of 54.50 to 55.15 band in the near-term.
Traders will continue to monitor domestic shares for cues on foreign fund flows.
(Reporting by Swati Bhat)
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