Reuters Market Eye - The rupee extends losses as shares head for a fourth consecutive session of declines and on month-end dollar demand from importers. The pair at 59.32/33 versus last close at 59.04/05. The Nifty is down 0.3 percent after falling 3.2 percent over the previous three sessions.
Dealers also cite outflows to the tune of $250 million related to dividend payments by ITC
For the year ending March 2013, ITC has declared an equity dividend of 5.25 rupees per share.
RBI to release macroeconomic review at 5 p.m., ahead of rate decision on Tuesday; will be closely watched for any comments on rupee.
(Reporting by Subhadip Sircar)
