ET:Rupee off highs; large state-run bank buying dollars
The rupee was off highs on continued dollar demand from a large state-run bank, foreign banks also seen buying. Pair is at 66.22/23 versus Wednesday's close of 67.0650/0750.
It traded in a 65.53-66.52 band in session. Large state-run bank buying continuously in session, likely on behalf of a client.
A dealer with a forex broking firm expects selling to come in for a target of 65 in 1-2 days.
Early INR gains largely driven by RBI chief Raghuram Rajan's steps, specially on NRI deposits, which may net up to $10 billion, according to various estimates.
