ET:Rupee extends losses on broad dollar demand; RBI policy eyed
The rupee extended gains to 54.79/80 versus its previous close of 54.4850/4950 on the back of all round dollar demand from importers particularly oil.
Traders say absence of dollar inflows are also weighing on the pair.
Domestic shares were trading down 0.4 per cent a day ahead of the RBI's monetary policy review where it is widely expected to leave key rates unchanged.
Traders however expect exporters to step in to sell dollars around 54.80 levels and limit further gains.
