MUMBAI: The Indian rupee weakened on Thursday as the dollar's gains versus major currencies overseas and choppy domestic shares underpinned sentiment.
* At 1:22 p.m., the partially convertible rupee was at 45.485/490 per dollar, weaker than its 45.375/385 close on Wednesday.
* Traders said they would watch stock market performance for cues on capital flows.
* Dealers expect a good response to the follow-on share sale to raise upto $2.6 billion in state-run, India's largest iron ore producer, which runs from March 10 to 12.
* Indian shares were trading 0.22 percent higher.
* One-month offshore non-deliverable forward contracts were quoted at 45.495/528.
* In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange and MCX-SX were both quoting at 45.5575.
