Reuters Market Eye - The rupee falls to 54.74/75 versus its previous close of 54.6150/6250 as traders cover short positions, tracking a risk off mood in Asia while some dollar demand from oil companies also boosts.
Traders say the RBI chief's comments on inflation still being high has not affected rupee sentiment to a large extent.
Losses in the euro also aiding, traders say.
The pair is seen moving in a 54.60 to 54.85 range during the session.
(Reporting by Swati Bhat)
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