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Big banks such as the SBI would need more time to inform their branches. Banks have sought exemption for RBI, inter-bank transactions.

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NEW YORK, May 15 - The dollar rose versus the euro on Thursday after U.S. stocks extended gains on optimism about potential deals and as oil prices fell further, offsetting weak economic data.

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* Weak U.S. data spurs investors to reduce demand for risk

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* Weak U.S. data boosts investor risk aversion

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For today, in contracts.

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(Recasts, updates prices, changes byline, dateline, previous LONDON)

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(Adds additional quotes.) BRUSSELS -(Dow Jones)- The euro is carrying “a bigger share of the burden than it should have” in the current climate of foreign exchange volatility, International Monetary Fund Managing Director Dominique Strauss-Kahn said Thursday.

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TOKYO (Thomson Financial) - The U.S. dollar edged down against major currencies in afternoon trading in Asia on Thursday, surrendering some overnight gains spurred by a growing view that efforts to stimulate the U.S. economy have worked.

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