Rupee trades at 55.81/82 versus its previous close of 55.65/66, after hitting 55.8375, its weakest since August 28, tracking weakness in the domestic share market and a risk averse sentiment regionally.
The Sensex trades down 0.3 percent, with most other Asian currencies also trading weaker versus the dollar.
Euro also trading down but losses capped ahead of a European Central Bank meeting on Thursday.
Traders say the pair can rise to 56 levels if dollar demand from oil companies continues through the day, but exporters are expected to come in and sell dollars around those levels, resisting any further upside.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
