Rupee extends losses; month-end dollar demand hurts

Reuters Market Eye - The rupee is trading at 61.55/56 versus Thursday's 61.34/35 close. The Indian unti touched 61.62 earlier, its weakest since Aug. 8.

Month-end demand from importers and fall in local shares hurting the rupee.

Foreign fund flows key for direction.

Nifty is trading down 0.5 percent.

Traders expected good resistance for the pair around 61.60 holding it in a 61.35 to 61.65 range for the rest of the day.

(Reporting by Swati Bhat)