MUMBAI: The Indian rupee continued to seesaw on Tuesday afternoon tracking shaky local shares and a largely steady dollar overseas.
* At 2:15 p.m., the partially convertible rupee was at 46.23/24 per dollar, little changed from its previous close of 46.20/21. On Monday, it had hit 46.0 during trade, its strongest since Oct. 20.
* The US dollar was off 15-month lows on Tuesday, but its broad downtrend still looked intact after senior Federal Reserve officials reinforced a view that US rates would stay low for a while.
* Indian shares shed 0.6 per cent on Tuesday after Asian stocks surrendered early gains, shrugging off the US Federal Reserve's comments it was likely to keep interest rates at very low levels for some time.
* Foreigners have bought a net $15 billion worth of shares so far in 2009, after selling more than $13 billion last year. The inflows have helped the rupee recover from a record low of 52.2 in March.
* In the currency futures market, the most traded near-month contracts on the National Stock Exchange and MCX-SX were quoting at 46.27 and 46.2725 respectively, with the total traded volume on the two exchanges at about $2 billion.
