The rupee resumed lower at 55.07 per dollar as against the Monday's close of 54.95 per dollar at the Interbank Foreign Exchange (Forex) Market and hovered in a range of 54.95 per dollar and 55.08 per dollar before quoting at 55.03 per dollar at 1045 hrs. Fresh month-end dollar demand from importers, mainly oil refiners, affected the rupee value against the dollar, a forex dealer said. Oil prices were up in post-Christmas Asian trade today as traders warily eyed the soon-to-resume US budget talks on a deal to avert the fiscal cliff, analysts said.
New York's main contract, light sweet crude for delivery in February rose 46 cents to USD 89.07 a barrel. Meanwhile, the Indian benchmark Sensex moved up by 45 points or 0.23 pct to 19,300.29 at 1055hrs.