Rupee Headed for Third Week of Losses
February 22, 2013 3:37 PM EST
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.