 "Rupee near two-month lows; weak shares hurt")
The rupee traded weaker at 54.94/95 versus its close of 54.80/81 on Friday as sharp losses in domestic shares and a broadly strong dollar hurt. The pair rose to as high as 55.01 earlier in the session, its highest since March 4.
The BSE Sensex trading is down 1.34%.
Oil and gold prices fell on Monday as the dollar strengthened, weighing on Asian shares, but Japanese equities outperformed on the back of the yen's slide to a fresh 4-1/2-year low against the US currency.
Traders expect exporters to step in to sell the greenback around 55 levels and prevent the pair from rising much above 55.05-10 during the session.
The BSE Sensex trading is down 1.34%.
Oil and gold prices fell on Monday as the dollar strengthened, weighing on Asian shares, but Japanese equities outperformed on the back of the yen's slide to a fresh 4-1/2-year low against the US currency.
Traders expect exporters to step in to sell the greenback around 55 levels and prevent the pair from rising much above 55.05-10 during the session.
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