Wednesday, July 3, 2013

Rupee extends losses; trading below 60 per dollar

03 Jul 2013,

The rupee on Wednesday extended losses following stock weakness, Euro losses are also hurting, say dealers. The Indian unit is at 60.38/39, down from an intraday high of 59.84.

Last close for the rupee was at 59.66/67. The BSE Sensex is down 1.32 percent as of 1.07 PM. Pair has immediate resistance at 60.40. Dealers say no RBI presence suspected for now, but they are keeping a watch.

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