Rupee down on euro zone jitters, local shares drop
MUMBAI |
MUMBAI (Reuters) – The rupee weakened further in afternoon trades on Thursday as deepening worries over the impact of Europe’s debt crisis heightened global risk aversion, pushing domestic equities and the euro lower.
* At 1:41 p.m., the partially convertible rupee was at 49.44/45 per dollar, 0.5 percent lower than Wednesday’s close of 49.18/19. The unit has so far moved in a range of 49.315-49.560.
* The euro was at $1.3693, compared with $1.3780 at the end of local trade on Wednesday, while the index of the dollar against six major currencies was at 77.317 points versus 76.943 points.
* The euro edged lower on Thursday, hurt by jitters over Greece’s plan for a referendum on the euro zone debt deal, with market players seeing the risk of more downside in the next couple of months.
* The BSE Sensex was down over 0.6 percent led by export-driven technology stocks and fears of foreign fund outflows given European crisis.
(Reporting by Aditya Phatak; Editing by Rajesh Pandathil)
Article source: http://feeds.reuters.com/~r/reuters/INbusinessNews/~3/SF42nPP5Lpw/idINIndia-60293720111103
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