Rupee extends losses; oil demand hurts
Reuters Market Eye - The rupee extends losses to 54.83/84 versus its previous close of 54.6150/6250 on the back of dollar demand from oil firms, along with some short-covering.
Weakness in regional and local shares also aiding sentiment for the dollar.
Dealers expect exporters to step in to sell the greenback around 54.90-95 levels, preventing a sharper rise beyond that.
(Reporting by Swati Bhat)
- Tweet this
- Share this
- Digg this
- Scots spurn independence in historic vote but demand new powers
- Eight bodies found after attack on Guinea Ebola education team
- China not warlike, says Xi, as border standoff dominates India trip
- India TV anchor's number is up after naming China's Xi 'Eleven'
- Infosys partners with China's Huawei for cloud-based services
Scotland has chosen to stay in the United Kingdom, spurning independence in a historic referendum that had worried allies and investors, results showed on Friday with more than two thirds of the vote declared. Full Article
Obama to nominate Indian-American Richard Verma as India ambassador - congressional source. Full Article