ET:Rupee near two-month low; down 14 paise vs dollar
The rupee was trading weaker at 54.94/95 versus its close of 54.80/81 on Friday as sharp losses in domestic shares and a broadly strong dollar hurt.
The Indian currency fell to as low as 55.01 earlier in the session, its lowest since March 4.
The main share index was trading down 1 per cent.
Oil and gold prices fell on Monday as the dollar strengthened, weighing on Asian shares, but Japanese equities outperformed on the back of the yen's slide to a fresh 4-1/2-year low against the US currency.
Traders expect exporters to step in to sell the greenback around 55 levels and prevent the pair from falling much below 55.05-10 during the session.
