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ET:Rupee remains weak as euro weighs
 
MUMBAI: The Indian rupee remained weak in afternoon trades on Thursday tracking the euro's losses against the dollar, but dollar selling by exporters prevented a further fall, traders said.

* At 1:50 p.m., the partially convertible rupee was at 44.9175/9250 per dollar, 0.1 percent weaker than Wednesday's close of 44.8850/8950. It has traded in a narrow range of 44.8900-44.9575 so far in the day.

* The dollar extended its gains from the previous day on Thursday as sovereign Asian players bought it back after the Federal Reserve confirmed it was ceasing its $600 billion bond-buying programme at the end of June and gave no hint of further economic stimulus.

* The euro was at $1.4271, while the index of the dollar against six major currencies was up 0.54 percent at 75.183 points.

* The euro was $1.4384 at the end of trade in domestic currency market on Wednesday, while the index of the dollar against six major currencies was at 74.744 points.
Source