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.
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The United States on Wednesday urged the Indian government that emerges from ongoing elections to follow economic policies that encourage investment, saying Washington would like to see bilateral trade grow to $500 billion a year. Full Article