RTRS: Indian rupee stays at 2-wk low on shares, dlr gains
MUMBAI, Jan 20 (Reuters) - The Indian rupee continued to trade close to its lowest level in two weeks on Wednesday afternoon tracking choppy domestic shares and the dollar's gains against major currencies overseas. * At 2:55 p.m., the partially convertible rupee INR=IN was at 45.87/88 per dollar, weaker than Tuesday's close of 45.78/79. The unit dropped as low as 45.9950, its weakest since Jan. 6.
* Indian shares turned negative on Wednesday, after having been up 0.6 percent earlier, with outsourcers and bank stocks leading the downturn. [.BO]
* Dealers said the rupee had dropped mainly tracking the dollar's moves globally. The index of the dollar .DXY against six major currencies was up 0.4 percent. Most Asian units also were weaker compared to the U.S. dollar. [EMRG/FRX].
* In the currency futures market INRFUTURES, the most traded near-month contracts on the National Stock Exchange and MCX-SX were both quoting at 4.8950 respectively, with the total traded volume on the two exchanges at about $5.2 billion. (Reporting by Swati Bhat; Editing by Prem Udayabhanu)
