Rupee trades marginally lower in line with equity markets

The rupee was trading marginally lower, after witnessing bouts of volatility in the last few trading sessions. The currency was following equity markets and dropped to 53.54, against Monday's close of 53.48.

Dealers believe that the forex markets like the equity markets are expected to remain steady, after the euphoria over a slew of reform measures gradually dies down.

A drop in the prices of crude oil also augurs well for the country, as bulk of the dollar requirement is for imported crude.

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