Rupee at 57.06 on dollar demand and weak euro

The rupee was under pressure in early trade on Wednesday as traders expect month-end dollar demand from state-run oil refiners and a weaker euro, but losses may be kept in check by higher stocks.

[caption id=“attachment_358507” align=“alignleft” width=“380” caption=“On Wednesday morning, the rupee was at 57.06/07 after opening stronger at 56.98. Reuters”] [/caption]

On Wednesday morning, the rupee was at 57.06/07 after opening stronger at 56.98. It ended trade at 57.02 on Tuesday, not far the record low of 57.32 hit on Friday.

Reuters