Rupee off highs; oil bids support dollar

The rupee is off lows. The pair is at 54.52/53, off 54.40 high, 54.58/59 previous close.

State-run bank dealer says bids from importers keeping bias towards INR weakening.

Dealer tips 54.35-54.60 range for the session. The BSE Sensex is up 0.4 % after five sessions of losses.

March trade data will be the next local trigger with expectations of improvement in export and trade balance, which would be positive for the INR.