Key Points
MUMBAI, Nov 17 (Reuters) - The Indian rupee ended slightly weaker on Friday as buoyant U.S. dollar demand from local companies offset the positive cues from strength in its Asian peers...
The rupee closed at 83.27 compared with its close of 83.2325 in the previous session..
The rupee has been unable to gain from these favourable cues in the face of persistent dollar demand from local importers, traders said...
A sizeable drop in the dollar-rupee pair is unlikely anytime soon as the pair is likely to remain "bought on dips", a foreign exchange trader at a state-run bank said...
"The rupee should continue consolidating between 83 and 83.30 in the near-term but is likely to head lower eventually," said Dilip Parmar, a foreign exchange research analyst at HDFC Securities...
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