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Rupee extends losses as importers buy dollars

Source : REUTERS
Last Updated: Mon, Dec 03, 2012 06:45 hrs
A shopkeeper counts Indian currency notes inside his shop in Jammu

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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