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Rupee falls on global risk aversion
Finance Secretary RS Gujral said that there was no question of the government negotiating with any company on the tax amendments proposed in the Finance Bill for 2012-13.
09 May 2012, 02:57 PM IST 
Newly-elected French President Francois Hollande (L) with outgoing Culture Minister Frederic Mitterrand
Rupee extended losses and was at 53.4750/4800 vs 53.12/13 last close, on global risk aversion, with euro close to a three-month low.
State-run bank dealer says exporters holding back, looking to sell when USD/INR closer to, or at, 54 levels.
Near-term resistance seen at around 53.80/90 levels, which is seen by traders as the threshold that could spark RBI intervention.
Copyright Thomson Reuters 2012