All round declines were seen in the currency market on Thursday as the rupee lost against the euro and the dollar, dealers said. After expanding ground against the dollar in the global markets, the euro ascended in terms of the rupee in the open market, gaining 47 paisa in a single day rally for buying and selling at Rs 81.00 and Rs 81.10, they said.
The rupee also shed five paisa in relation to the dollar for buying and selling at 60.80 and 60.90 in process of trading, they said. In the world markets, the dollar failed to hold its present level as the Federal Reserve held interest rates steady and dropped a reference in its post-policy meeting statement to possible further rate hikes.
Although the Fed said after its Federal Open Market Committee meeting that inflation was still its main concern, investors took the change in the statement as a sign that a rate cut may be near. "It seems the FOMC is signaling that growth may slow enough to address inflationary pressures," said currency strategists at Morgan Stanley.

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Buying                  Rs 60.80
Selling                 Rs 60.90
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Buying                Rs 60.71
Selling               Rs 60.72
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