MUMBAI: The Indian rupee remained weak in afternoon trades on Monday on the back of negative local shares and a weak euro. Dollar demand from oil refiners also weighed.
* At 2:33 p.m., the partially convertible rupee was at 45.0175/0275 per dollar, 0.4 percent weaker than Friday's close of 44.86/87.
* Indian shares fell as much as 3.1 percent on Monday on market talk the government is reviewing a tax treaty with Mauritius , triggering jitters foreign inflows could take a hit.
* The euro dropped towards recent lows on Monday, as a delay to the next tranche of Greek bailout funds undermined confidence in the common currency, with the options market and technical charts suggesting more losses.
* The euro was trading at $1.4203, weaker than $1.4269 at the time of the local market close on Friday.
* Oil is India's biggest import item and oil refiners are the largest buyers of dollars in the domestic market.
