MUMBAI: The rupee weakened on Thursday, in line with domestic stocks and with a strong dollar overseas dampening sentiment.
At 9:20 a.m., the partially convertible rupee was at 46.195/200 per dollar, after having fallen as low as 46.235 early, weaker than 46.11/12 at close on Wednesday.
Traders said further weakening is seen capped at 46.5, while a break will allow the rupee to go to 46.8.
Most Asian currencies were weaker than the dollar.
The Indian benchmark stock index was trading down 0.22 per cent.
The index of the dollar against six majors was up 0.2 per cent.
The US dollar was firm on a basket of currencies, in sight of recent 7-month highs, while commodity-linked currencies slipped after the International Monetary Fund said it planned to sell more gold in the market.
