The rupee tumbles to 53.70/71 versus its Friday's shut of 53.50/51 on the back of dollar interest from oil firms and different merchants.
Dealers want changing to be rangebound with most Asian business sectors shut for the lunar new year occasions and prescribe volumes may be somewhat more level than normal.
Traders could be viewing the local sharemarket moves for heading throughout the day.
Oil firms have been major purchasers so far with supply being extremely restrained.
The pair is needed to keep in a 53.50-53.80 range.
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