Mumbai: The rupee opened weaker on Friday tracking losses in Asian stocks, which could promt more foreign fund outflows, while the dollar's rise against major currencies overseas also weighed.
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* At 9:06 a.m. the partially convertible rupee was at 49.23/25 per dollar, lower than its Thursday's close of 49.13/16.
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* Asian stocks fell to a 1-1/2-month low on Friday, following poor corporate results in the technology sector, while the U.S. dollar climbed as investors sought refuge from the deteriorating global economy.
* The U.S. dollar index, which measures the unit's strength against other major currencies, was 0.2 per cent higher.
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* Foreign capital is a key driver of the rupee. Foreigners have sold about $920 million worth of local shares this month, after having dumped more than $13 billion in 2008.
