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Jul 12, 2012, 08.23 AM IST

Rupee extends fall as shares turn negative

MARKETS-INDIA-RUPEE:Rupee extends fall as shares turn negative

Source: Reuters
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Rupee extends fall as shares turn negative
Reuters Market Eye - The rupee falls further to 54.64/65 versus its 54.36/37 close on Tuesday as domestic shares give up gains and trade turns negative. Weakness in the euro also continues to weigh on the rupee.


The Sensex was trading down 0.1 percent as woes on the domestic monsoon front as also the climb in Brent crude prices to above $100-a-barrel hurts sentiment.


Traders see the USD/INR holding in a 54.50 to 54.80 band for the rest of the day.


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