MUMBAI: The Indian rupee was down in early morning trades on Wednesday tracking negative local shares and weak Asian currencies, while oil importers' dollar demand is also likely to weigh.
* At 9:17 a.m., the partially convertible rupee was at 44.7450/7475 per dollar, weaker than Tuesday's close of 44.67/68.
* Traders expect the rupee to trade in a range of 44.60-44.80 intraday.
* India's main stock index was down 0.4 percent in early trades amid weak Asian markets.
* Most Asian curencies were weak against the dollar. For a snapshot, see:
* The index of the dollar against six major currencies was up 0.18 percent at 73.655 points against 73.651 when the domestic market closed on Tuesday.
* The euro was trading at $1.4658, compared with $1.4660 at the end of local trade on Tuesday.
* Exporters may sell forward dollars, which could push the forward premia rates down, dealers said.
