ET:Rupee extends losses of dollar demand from oil firms
The rupee extended losses to 54.83/84 versus its previous close of 54.6150/6250 against dollar on the back of the US currency demand from oil firms, along with some short-covering.
Weakness in regional and local shares are also aiding sentiment for the dollar.
Dealers expect exporters to step in to sell the greenback around 54.90-95 levels, preventing a sharper rise beyond that.
