The rupee continued to trade lower at 55.04 against the dollar in the afternoon trade amid weaker domestic and Asian equity markets and capital outflows.
Breaching the 55-mark, the Indian unit today opened lower at a near two-month low of 55.03 against the dollar tracking the weaker domestic and Asian equity markets.
The Indian unit had closed at 54.90 on Friday on the back of capital outflows due to growth worries by investors.
After a weak opening, the domestic currency reversed its losses to trade at 54.89 per dollar in the early trade on mild dollar selling by investors. However, it fell to 55.14 per dollar in the afternoon trade.
Further, the euro was trading at over two-and-a-half month low adding to the rupee woes.
