ET:Rupee stuck in range as strong shares offset weak euro
The rupee was trading at 54.80/81 versus its close of 54.81/82 as gains in the domestic sharemarket are offset by the euro's losses versus the dollar.
The sharemarket was trading up 2 per cent on day, after the RBI governor said he had taken note of the falling inflation, reinforcing bets about future rate cuts.
The index of the dollar against six majors is trading up 0.3 per cent after weak German data.
The euro fell to a six-week low against a buoyant dollar on Wednesday, hurt by worse-than-expected German and French gross domestic product (GDP) data, which kept alive chances of more monetary easing by the European Central Bank.
