MUMBAI: The rupee continued to trade weaker in afternoon session on Monday tracking broadly lower regional peers with small gains in the sharemarket failing to help the local unit.
* At 2:25 p.m., the partially convertible rupee was at 46.71/72 per dollar, weaker than its previous close of 46.53/54.
* The stock market was trading up 0.1 percent. [.BO] Dealers said higher-than-expected inflation also weighed on sentiment.
* India's wholesale prices rose faster-than-expected in November, and analysts said inflation worries could see the central bank withdraw more liquidity support in coming weeks and raise rates early next year.
* Most Asian units were weaker compared to the dollar.
* In the currency futures market, the most traded near-month contracts on the National Stock Exchange and MCX-SX were quoting at 46.76 and 46.7575 respectively, with the total traded volume on the two exchanges at about $3.4 billion.
