Rupee off lows as custodian banks sell dollars

Reuters Market Eye - The rupee is trading at 62.29/30 versus its prior close of 62.20/21, but off the session low of 62.45 as custodian banks sell the greenback.

Foreign exchange and debt markets were closed on Wednesday for a holiday causing equity related inflows to hit the market on Thursday.

The Sensex is trading down 0.5 percent after four sessions of gains.

Traders expect the pair to move in a 62.20 to 62.50 range during the rest of the session.

(Reporting by Swati Bhat)