Rupee at three-week low; rate pause hurts

Reuters Market Eye - Rupee at 3-week low, breaching 55/dollar, on continued disappointment after RBI keeps rates on hold.
Rupee falls to 55.0550, lowest since November 29; now at 54.98/99 versus 54.84/86 last close.
Senior dealer says exporters are holding back dollar sales at time of strong dollar demand, pushing up the dollar.
Rupee may extend weakness to 55.50/dollar, adds dealer.
"It will need RBI to provide dollar supplies or take out the oil demand from the market to drive rupee back into 54.60-54.10," he adds.