Rupee lower on oil USD demand, euro

MARKETS-INDIA-FOREX-RUPEE:Rupee lower on oil USD demand, euro

The rupee was under pressure in early trade on Wednesday as traders expect month-end dollar demand from state-run oil refiners and a weaker euro, but losses may be kept in check by higher stocks.

At 9.07 a.m, the rupee was at 57.06/07 after opening stronger at 56.98. It ended trade at 57.02 on Tuesday, not far the record low of 57.32 hit on Friday.