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Rupee headed for third week of losses

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Reuters Delhi, India

Reuters Market Eye - The rupee opens lower at 54.51/52 versus its close of 54.47/48.

Rupee headed for third week of losses.

Pair tipped in 54.30-54.75 band for session.

Dealers, however, expect some bunched-up dollar sales from state-run banks, which have largely been absent in the market for the past two sessions due to a strike.

The dollar bustled near a 5-1/2-month high against a basket of currencies on Friday, on doubts over just how long the U.S. Federal Reserve will keep its quantitative easing in place.

Asian currencies mixed.

(Reporting by Subhadip Sircar)

 

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First Published: Feb 22 2013 | 9:39 AM IST

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