Indian rupee at 11-week low on oil, fund outflows

The rupee extended the day's losses on Tuesday to touch its lowest since early June, driven down by dollar demand from companies and oil firms for month-end payments and from foreign fund sales of Indian stocks.
The rupee was quoted at 43.6950/7025 per dollar after trading at 43.7050, according to Reuters data, its lowest for 11 weeks and 0.17 percent down on the day.
Traders said exporters were holding off selling dollars, although some expected them to sell above 43.70.
"Stops were triggered above 43.6500. People are in a wait-and-watch mood and they want to see how much the rupee can lose on this streak," one trader at an internationally backed bank, adding support at 43.72 should hold.