Rupee down on month-end dollar demand, FII profit booking

Reuters Market Eye - The rupee stays lower for the third straight session on month-end dollar demand and FII profit booking.

The pair is trading at 63.66/dollar after touching 63.70.

The pair may reverse most of its gains in late trade after positions are covered, according to a trader.

(Reporting by Suvashree Choudhury)