Rupee off lows tracking domestic shares, euro

The rupee retreats from session lows to rise to 55.98/00 versus its previous close of 55.84/85 as domestic shares cut losses, while the euro recovers after two straight session of losses.

USD/INR has swung between a session high at 56.19 and a low of 55.95. The Sensex down 0.4 percent, after earlier falling as much as 1.1 percent.

Traders say the absence of oil-related dollar demand at the start of the month capping gains in USD/INR.

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