The rupee is off lows at 53.7050/7150, up from an earlier dip of 53.78 against the dollar in the day's trade.
Some selling by foreign banks on likely squaring-off of weekend positions is pushing the pair, dealers said.
There are no signs of RBI intervention spotted, the dealers added. There is a limited upside for dollar/rupee, as stochastic and RSI near historic tops, the IFR said. Dealers are tipping a 53.55-53.85 band for this session.
