The RBI will unveil its fourth bi-monthly policy on September 30
Shares of automobile companies will be in focus amid release of sales data for September on Wednesday
In the week to September 12, the reserves had dropped by $1.615 billion to $315.697 billion
Gold reserves remained unchanged during the week
Forex dealers said late selling of US currency by exporters and some banks helped the domestic unit to rise
Exporters selling dollars also aids the Indian unit
Currently, banks have to adhere to a requirement of 95% of CRR daily (including on Saturdays) and 100% on a fortnightly basis
It ended at 61.35 per dollar compared with Wednesday's close of 60.97
Pair expected to hold in 60.80-61.10 range
Heavy selling by foreign funds in local stocks and better dollar overseas kept the currency under pressure
Traders say the pair is likely to hold in 60.90-61.20 range
Today's closing level is the currency's weakest level in a week as it had closed at 61.05 on Sept 16
It has also revised its end-2015 forecast to 60 after factoring in a stronger balance of payments
Traders expect rupee to hold in 60.80-61.10 range
60% respondents to a Business Standard poll don't see a change in repo before March-end
The currency is expected to appreciate in coming days tracking gains in local equities, says Veracity Group CEO