Rupee falls as stock market falters:
Mumbai: The rupee retreated from the day's highs to trade little changed at 54.53/54 versus its previous close of 54.54/55 as domestic shares dropped more than half a per cent after the initial gains.
The Indian currency touched a high of 54.37 in opening deals after the government won the vote on foreign direct investment in multibrand retail in the Lok Sabha post market hours yesterday.
Traders say the vote in the Rajya Sabha on Friday will be the next key cue for direction.
The euro's losses after the rise in the previous session also helped sentiment for the dollar.
The pair is seen holding in the 54.35 to 54.65 range during the session.
The Indian currency touched a high of 54.37 in opening deals after the government won the vote on foreign direct investment in multibrand retail in the Lok Sabha post market hours yesterday.
Traders say the vote in the Rajya Sabha on Friday will be the next key cue for direction.
The euro's losses after the rise in the previous session also helped sentiment for the dollar.
The pair is seen holding in the 54.35 to 54.65 range during the session.
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