Rupee extends losses as importers buy dollars
Reuters Market Eye - Rupee extends losses to 54.57/58 versus its previous close of 54.26/27 on the back of dollar demand from importers including gold and oil firms.
Traders say some fixing related dollar demand also likely pushing the pair higher.
Parliament adjournment also boosts sentiment for the dollar, traders say, but 54.60 would see some sellers emerging, they add.
Domestic shares also trading down 0.2 percent.
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
Trending On Reuters
U.S. President Barack Obama watched a dazzling parade of India's military might and cultural diversity on Monday, the second day of a visit trumpeted as a chance to establish a robust strategic partnership between the world's two largest democracies. Full Article | Slideshow