Reuters Market Eye - The rupee extends losses to 54.17/18 versus its previous close of 53.8650/8750 on the back of sharp losses in the domestic sharemarket amid a global risk-off mood.
The 50-share Nifty drops below 5,800 points for the first time since November, extending its fall to 1 percent on day.
Traders say dollar demand from oil firms looking to meet month-end import commitments is also helping the pair.
(Reporting by Swati Bhat)
