New Delhi: The rupee fell to 55.775/78 versus its previous close of 55.47/48 as losses in domestic shares and the euro boost the greenback, but traders expect resistance at around current levels, preventing much sharper gains.
The Sensex falls 0.5 per cent, tracking lower Asian shares after the Fed refrains from further monetary stimulus measures and ahead of the ECB meeting later in the day.
The ECB statement is due at 11:45 GMT and the news conference is being held at 12:30 GMT.
The dollar stays broadly stronger against most major currencies including the euro with investors focusing on the ECB for any action that could revive risk appetite.
Copyright @Thomson Reuters 2012
The Sensex falls 0.5 per cent, tracking lower Asian shares after the Fed refrains from further monetary stimulus measures and ahead of the ECB meeting later in the day.
The ECB statement is due at 11:45 GMT and the news conference is being held at 12:30 GMT.
The dollar stays broadly stronger against most major currencies including the euro with investors focusing on the ECB for any action that could revive risk appetite.
Copyright @Thomson Reuters 2012
