Rupee falls on oil companies dollar demand

Reuters Market Eye - The rupee is trading at 59.1350/1400 versus its previous close of 59.10/11, as large state-owned banks are spotted buying dollars for oil companies but broader falls are seen capped due to strength in local equities.

Local shares stronger due to gains in blue-chips such as Larsen & Toubro after earnings, while financial stocks extend gains a day ahead of the central bank's policy review.

The pair seen in a range of 59.10 to 59.20 until close.

(Reporting by Neha Dasgupta)