ET:Rupee stays weak; off lows on corp dollar sales
The rupee tradeed weaker at 55.05/06 versus its previous close of 54.90/91. The rupee, however, off the day's low of 55.15, its weakest since Jan. 8.
Traders said corporate dollar inflows of around $250 million pulled the pair off the day's low. Sentiment for the dollar continueed to remain bullish with domestic shares trading down 0.6 per cent.
Losses in the euro and other Asian currencies were also helping the dollar. The pair is seen holding in a 54.80 to 55.30 range during the session with strong resistance expected around the 55.15 levels.
