Re hits 3-week low to close at 43.54/$

The rupee ended at a three-week low against the dollar today, as the dollar traded zoomed past the euro, leading to increased greenback demand among importers.

But traders said the rupee was unlikely to ease much further as the market awaited dollar inflows from a sponsored equity offering in the US by a large Indian software company.

The rupee ended at 43.54 per dollar, compared with the previous close of 43.52 and its weakest since May 3 when it ended at 43.59.