RTRS: Indian rupee falls on stock slide; outflows hurt
MUMBAI, Nov 18 (Reuters) - The Indian rupee was lower in afternoon trade on Tuesday as a more-than-4 percent slide in the local share market continued to fuel expectations of further capital outflows.
* At 1:15 p.m. the partially convertible rupee was at 49.72/75 per dollar, off the day's low of 49.80 but still well below Monday's close of 49.34/36.
* Indian shares dropped more than 4 percent as losses in overseas markets and a worsening global economic outlook may force foreign investors to continue cutting exposure to emerging markets. See [.BO].
* Foreign funds have sold a net $13 billion worth of Indian stocks in 2008 after buying a record $17.4 billion in 2007. (Reporting by Swati Bhat; editing by Sunil Nair)
