By Anoop Agrawal Oct. 27 (Bloomberg) -- India's rupee fell for a ninth day, the longest losing streak in 11 months, on speculation a stocks rout and global recession concerns will prompt investors to slash holdings of emerging-market assets. The local currency traded near a record low against the dollar as Asian shares declined, extending a global sell-off that's erased more than $10 trillion of market value this month. Overseas funds sold $12.2 billion more Indian shares than they bought this year, the highest-ever annual net sales. The rupee is the second-biggest loser among Asia's 10 most-active currencies excluding the yen. ``Investors are probably not sure when the present crisis will end, where the bottom for stock valuations is,'' said P. V. Rao, a currency trader at IndusInd Bank Ltd. in Mumbai. ``The rupee will remain under pressure.'' The rupee dropped 0.2 percent to 50.06 per dollar as of 9:29 a.m. in Mumbai, according to data compiled by Bloomberg. It reached an all-time low of 50.165 on Oct. 24. The MSCI Asia-Pacific Index of stocks was down 3.4 percent, adding to a 7.9 percent decline last week. India's benchmark Bombay Stock Exchange's Sensitive Index fell 11 percent on Oct. 24, the biggest drop in four years. To contact the reporter on this story: Anoop Agrawal in Mumbai at aagrawal8@bloomberg.net;

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