|Chennai||Rs. 25020.00 (-0.32%)|
|Mumbai||Rs. 26110.00 (0.19%)|
|Delhi||Rs. 25850.00 (0%)|
|Kolkata||Rs. 25720.00 (-0.66%)|
|Kerala||Rs. 24850.00 (-0.6%)|
|Bangalore||Rs. 25200.00 (0%)|
|Hyderabad||Rs. 25020.00 (-0.2%)|
Rupee trades weaker at 54.49/50 compared with its close of 54.37/38 on Tuesday. Risk-off mood continues in global markets.
Asian shares extend losses and investors give the euro a wide berth after a bailout deal for Cyprus is thrown into disarray.
The RBI's guidance on the scope for future rate cuts being limited and the ongoing political uncertainty after a key ally withdraws support from the ruling coalition are expected to keep the downside for the pair under check.
The pair is seen moving in a 54.10 to 54.60 range during the session. Traders expect some selling to come in around 54.55-60 levels, preventing a much sharper rise.