MUMBAI, Aug 14 (Reuters) - The Indian rupee traded weaker in afternoon session on Friday tracking losses in the local sharemarket, which raised concerns about capital outflows, while dollar demand from some foreign banks also weighed.
* At 3:15 p.m. the partially convertible rupee INR=IN was at 48.32/33 per dollar, weaker than its previous close of 48.11/12.
* Shares .BSESN fell 0.8 percent in choppy trade on Friday as jitters poor rains will hit economic recovery and downbeat U.S. data soured sentiment, a day after the market rose 3.3 percent to its best close in more than a week. [.BO]
* In the currency futures market, the most traded near-month contract on the National Stock Exchange and MCX-SX was quoting at 48.3550 each, with the total traded volume on the two exchanges at about $1.1 billion.
* One-month offshore non-deliverable forward contracts were quoting at 48.30/40, marginally weaker than the onshore spot rate. (Reporting by Swati Bhat; Editing by Harish Nambiar)
