Rupee Falls on Greece Worries

November 21, 2012 11:02 AM IST

The rupee fell to 55.29/31 versus its previous close of 55.0950/1050 after touching a session low at 55.35, its weakest since September 13.

Euro extends falls after no agreement is reached yet among the euro zone finance ministers on Greece.

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Traders say the absence of any flows in the market, buying by oil firms and a falling euro are all positives for the dollar but exporters could step in to sell their holdings around 55.40 levels, limiting a bigger rise.

Domestic share movements to be watched for cues on foreign fund flows.

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