Short term rates after having spiked sharply over the last couple of week may find some respite
Comprehensive home insurance and personal accident covers are important although these don't offer tax benefits
Some dealers also cite dollar inflows related to GlaxoSmithKline's open offer
The 'dislocation in markets' excites Henry Kravis, co-founder of KKR
The rise in dollar index, a gauge of six major global rivals, was up 0.13 per cent, also led to the rupee closing lower
The rupee resumed lower at 62.35 per dollar
A weak opening in the domestic stock market also put pressure on the local currency
Stock markets, however, will be open for regular trading hours
Govt bonds rallies on the back of renewed buying support from banks and companies
The partially convertible rupee closed at 62.20/21 per dollar versus its close at 61.84/85 on Monday
Pent up dollar demand to come up as US markets were closed on Monday, say dealers
Four members recommended that status quo be maintained with respect to the policy repo rate in January
Experts, however, say perception can be different from reality
Sustained dollar selling by exporters and positive cues from stocks also aided the rupee sentiment, traders said
At 1:20 pm rupee was trading at Rs 61.90 compared with Friday's close of Rs 61.93 per dollar
He said that the Indian currency had fared better than those of other emerging economies
The rupee resumed lower at 61.96 per dollar as against the last weekend's level of 61.93 per dollar
Dealers look ahead to market borrowing numbers for FY15
Such a tight band implies presence of a strong buyer or seller at the respective ends
The currency ended at 61.93 on Friday, compared with the previous close of 62.44