Rupee hits over 2-month low on Greece worries

RUPEE-INDIA-NEWS-DOLLAR:Rupee hits over 2-month low on Greece worries

 

Reuters Market Eye - The rupee fell to 55.29/31 versus its previous close of 55.0950/1050 after touching a session low at 55.35, its weakest since September 13.

Euro extends falls after no agreement is reached yet among the euro zone finance ministers on Greece.

Traders say the absence of any flows in the market, buying by oil firms and a falling euro are all positives for the dollar but exporters could step in to sell their holdings around 55.40 levels, limiting a bigger rise.

Domestic share movements to be watched for cues on foreign fund flows.