Business Standard

Rupee extends losses in morning trade

Month-end dollar demand from oil companies is hurting the rupee

Reuters
The rupee is trading lower at 63.44/45 vs Tuesday's close of 63.28/29.

The dollar index is trading above the key 90 level for the first time since March 2006 after strong US and UK economic data.

RBI intervention is seen at 63.50/55 levels, traders say.

Month-end dollar demand from oil companies is also hurting the Indian unit.

The pair is seen in 63.20 to 63.60 range during the day.

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First Published: Dec 24 2014 | 10:12 AM IST

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