Reuters Market Eye - The rupee trades 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 hurts. The pair rose to as high as 55.01 earlier in the session, its highest since March 4.
The BSE Sensex trading down 1.34 percent.
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 U.S. 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.
(Reporting by Swati Bhat)
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