Rupee slips in early trade; losses seen limited

Tags: Rupee, News
The rupee is trading weaker at 61.91/92 versus its close of 61.79/80 on Tuesday.

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Further losses are likely to be limited as exporters will come in to sell dollars close to 62 levels.

Financial markets were closed on Wednesday for Christmas.

Most Asian currencies trading flat-to-slightly weaker compared to the dollar.

The dollar hit a five-year high against the yen on Thursday and held firm against other currencies on expectations the U.S. economy will continue a solid recovery, allowing the Federal Reserve to gradually withdraw its stimulus next year.

Traders will watch the domestic share market for cues on the direction of foreign fund flows.

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