The Indian rupee slipped on Tuesday as local shares fell for the sixth straight day and weaker September exports raised concerns that dollar inflows could slow down if such a trend persists. The partially convertible rupee ended at 47.40/41 per dollar, off an intraday low of 47.50 and about 0.9 percent below its previous close of 46.96/97 on Friday.
Financial markets were closed on Monday for a holiday. One-month offshore non-deliverable forward contracts were quoting at 47.46/56, weaker than the onshore spot rate. In currency futures, the most traded near-month contracts on the National Stock Exchange and MCX-SX was at 47.4875 and 47.48 respectively, compared with 47.07 and 47.06 last Friday.
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