Rupee edges down on month-end dollar demand

Reuters Market Eye - Rupee inches lower to 55.71/72 versus its close of 55.63/64. Month-end dollar demand from oil refiners and other importers hurts.

Asian currencies mostly trading stronger versus the dollar, limiting a further upside to the dollar.

Traders will also watch the domestic sharemarket movement for cues on foreign fund flows during the day.

The pair is seen holding in a 55.60 to 55.85 range during the day.

The Sensex is trading up 0.5 percent currently.

(Reporting by Swati Bhat)