MUMBAI (Reuters) ? The Indian rupee continued to trade close to its lowest level in nearly 32 months on Tuesday afternoon weighed by over 1 percent losses in domestic shares, a sharp fall in the euro and dollar demand from oil importers.
* Traders said the rupee could test the 51 per dollar mark during the day if the euro and shares decline further.
* At 2:45 p.m., the partially convertible rupee was at 50.67/68 per dollar, after hitting 50.71 in early trade, its weakest since March 31, 2009. It had closed down 0.3 percent at 50.285/295 on Monday.
* Indian shares were trading down 1.2 percent, as worries about weak corporate earnings and high inflation weighed.
* The euro fell on Tuesday, coming close to recent lows versus the dollar and hitting a one-month low against the yen as rises in Italian and Spanish bond yields underscored the difficulties facing policymakers in containing the region’s debt crisis.
* Traders said dollar demand from oil importers was also weighed while exporters stayed out on hopes the rupee would depreciate further and provide better opportunities to sell.
(Reporting by Swati Bhat; Editing by Subhadip Sircar)
kim delaney kim delaney dead sea scrolls new jersey nets all my children online all my children online sly and the family stone