Rupee Falls from 3-1/2 High; Oil India Flows Eyed

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February 1, 2013 3:46 PM EST

The rupee falls to 53.32/33 versus its previous close of 53.2150/2250 as investors cover short-dollar positions. The Indian unit hit a three-and-a-half month high of 53.07 on Thursday.

The pair is seen moving in a 53.15 to 53.50 range during the day with dollar inflows for the Oil India(OILI.NS) stake sale being watched.

The BSE Sensex is up 0.1 percent and will be monitored for cues during the day.

Asian currencies trading mixed compared to the dollar.

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