The rupee is at its weakest point so far this week trading at 55.44/45 versus its 55.1250/1450 close, tracking losses in the euro after a media report quoted German Chancellor Angela Merkel as saying she was not sure the European project would work. The euro dropped to session lows' post the media report.
Demand from oil firms also boosted the dollar, but gains in the domestic stock markets limited a sharper rise of the greenback. Traders expect mild resistance at around the 55.50 levels.
