Rupee hits 2-1/2 month low

Reuters Market Eye - The rupee is trading at 54.02/03 after touching 55.07 in opening deals, its lowest since March 4. Traders say a weak euro is helping the USD/INR pair but gains in domestic shares may support the local unit.

The pair will face initial resistance at 55.15 a break of which can take it to 55.35, traders say.

The BSE Sensex is trading up more than 100 points while the broader 50-share Nifty is trading up 0.6 percent.

(Reporting by Swati Bhat)