MUMBAI: The rupee fell to 55.775/78 versus its previous close of 55.47/48 as losses in the stockmarkets and the euro boosted the greenback, but traders expect resistance at around the current levels, preventing much sharper falls. The Sensex fell 0.5 per cent, tracking lower Asian shares after the Fed refrained from further monetary stimulus measures and ahead of the ECB meeting later in the day. An ECB statement is due at 11:45 GMT and the news conference is being held at 12:30 GMT.
The dollar is broadly stronger against most major currencies, including the euro, with investors focusing on the ECB for any action that could revive risk appetite.
