Persistent demand for dollar from banks and importers weigh on rupee
Euro also trading down but losses capped ahead of a European Central Bank meeting on Thursday
The euro had been rallying on hopes of some concrete steps from the ECB
A strong dollar overseas ahead of the ECB's meeting tomorrow also weighed on the rupee
The 14-share index declined 1.8% to 11,292.73, underperforming the benchmark Sensex
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RUPEE-INDIA-DOLLAR:Rupee falls to 3-week low tracking shares
Erases early gains on fresh demand for dollar from banks & importers amid capital outflows from foreign funds
Analysts expect the rupee to stay weak and any appreciation vs the dollar may be short-lived
RUPEE-INDIA-ECB-DOLLAR:Rupee edges higher on ECB move
Continues to rule firm against dollar on sustained selling of dollars by banks and exporters
Mario Draghi unveiled a new and potentially unlimited bond-buying programme on Thursday
Central bank might cut CRR by 25 bps this month as economy hits a trough
Higher opening in equity mkt supported rupee, weakness in euro against dollar, however, restricted rupee's gains
Euro eases versus the dollar but stays close to the four-month peak
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