Indian rupee falls

The Indian rupee ended down but off a two-month low on Monday, helped by gains in the euro, but domestic share losses weighed on the local unit. Dealers, however, see the rupee weakening further on the back of weak global cues and continued outflow of foreign institutional investor funds. The partially convertible rupee ended at 45.90/91, after falling to 46.01, its lowest since November 30. It had closed at 45.7525/7625 per dollar on Friday.
In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange was at 46.13 per dollar, MCX-SX at 46.1275 and United Stock Exchange was at 46.1350. Total traded volume was $7.36 billion.