The rupee was at 52.77/78 versus the USD, clinging to around three and half month lows, on continued doubts about India's economic fundamentals and possible speculative dollar buying.
Also Read: Why rupee could fall further
* Volumes in the cross stay thin, creating volatility, with no signs yet of intervention from central bank.
* Reuters Buzz says turning cautious on USD longs as USD/INR approaches 52.95-00 target (the 76.4 percent retracement of Dec-Feb decline), warns of potential profit-taking.
Copyright @ Thomson Reuters 2012
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