The rupee quickly lost its initial gains to snap a four-day rise in early trade on Wednesday, tracking a weak euro as investors positioned for a European Central Bank policy meeting on Thursday.
Traders will watch the debt limit auction to overseas investors for cues. At 9.09 a.m, the rupee was at 54.53-54.54 to a dollar, as against Tuesday's close of 54.36-54.37. It opened at 54.35 to the dollar.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
