July 2, 2012 / 7:31 AM / in 5 years

MARKET EYE-USD/INR gains further; volumes lower

July 2 (Reuters) - * USD/INR gains further to 55.90/91
versus previous close of 55.6050/6150 as demand for dollar/rupee
rises on the back of weakness in the euro.
* Euro dips giving up a bit of ground after its biggest one-day
climb in eight months, as investors look for fresh reasons to
extend a rally sparked by initial euphoria over the latest
European push to ease the region's debt crisis. 
* Traders however say volumes are much lower due to quarterly
closing of RBI accounts, leading to higher volatility in the
market.

 (swati.bhat@thomsonreuters.com/;
swati.bhat.thomsonreuters.com@reuters.net)

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