The rupee fell to 56.24/25 versus its close of 56.17/18 on Wednesday, tracking a drop in the euro and on the back of heavy dollar demand from importers to meet month-end commitments. Traders said oil firms were among the major buyers of the US currency so far on Thursday. The euro was trading at $1.2966, down from the session's high of $1.2985. Choppy domestic shares were also failing to provide much respite. Shares were trading flat on the day. Traders, however, expect the downside for the Indian currency to be capped at 56.35-40 levels for the day as exporters are expected to step in to sell the dollar around those levels.

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