Epic Update:RUPEE Extends Losses

[Epicresearch123]

The Indian rupee extended losses to the last week of the year 2012 as markets remain jittery about the risk of the United States failing to avert a fiscal crisis. Domestic and regional shares steadied in quiet pre-holiday trade after a slump late last week. The Indian rupee hit a three-week low on Friday, extending its fall for a third straight week, as uncertainty over the U.S. "fiscal cliff" resolution dented demand for risk assets including domestic equities.