Indian rupee at two-week low

The Indian rupee fell to a two-week low on Thursday, as falling share prices raised concerns whether strong inflows seen so far in 2009 could be sustained in the coming weeks, while the dollar's rise overseas also dampened sentiment. The partially convertible rupee ended at 46.7350/7450 per dollar, off a low of 46.82, its weakest since October 7 and about 0.5 percent below its previous close of 46.485/495.
One-month offshore non-deliverable forward contracts were quoting at 46.83/93, weaker than the onshore spot rate. In currency futures, the active near-month contracts on the National Stock Exchange and MCX-SX were at 46.76, weaker than Wednesday's 46.51.