ET:Rupee gains further against dollar as euro rallies; ECB meet eyed
The rupee extended gains against dollar to 55.78/79 versus its previous close of 55.9050/9150 after hitting the day's low of 56.03, the weakest since August 16.
The rupee extended gains to 55.78/79 versus its previous close of 55.9050/9150 after hitting the day's low of 56.03, the weakest since August 16.
Gains in the euro ahead of the ECB meeting outcome weighed on the pair.
Traders said that the rebound in share market from early lows also brought in some dollar inflows, hurting the pair.
Reduced dollar demand from oil firms also a factor weighing on the rupee against the US currency.
