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RTRS:Rupee weakens tracking local shares, euro's losses
 
(Reuters) - The rupee eased more in afternoon trade on Friday dragged by weak local shares and the euro.
* At 1:46 p.m., the partially convertible rupee was at 44.5650/5675 per dollar, weaker than Thursday's close of 44.4950/5050. So far in trade, the rupee has moved in a band of 44.4725 and 44.5750.

* The euro was at $1.4110 versus $1.4194 at the close of the domestic currency trade on Thursday, while the index of the dollar against six major currencies was up 0.14 percent at 75.358 points. It had been at 75.019 points when the local forex market closed on Thursday.

* The dollar steadied in Asia on Friday after the impact from a Standard and Poor's warning that it could cut U.S. credit ratings was short-lived, and investors bought back the U.S. currency as they shifted their focus to stress tests on European banks.

* The local benchmark share index was down 0.4 percent in choppy trade with financials leading the losses.

(Reporting by Aditya Phatak; Editing by Subhadip Sircar)

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