Shares of software exporters were trading lower on fund selling on concerns over rise in rupee and uncertainty on the US debt issue, dealers and analysts said.
Indian rupee pulled back from a near three-year high to end at 44.08/09 per dollar on Wednesday, a level not seen since Aug. 29, 2008. The Indian rupee eased on Thursday, weighed down by falling shares, a sluggish euro and demand for dollars from oil importers.
At 11.35 a.m., the IT index of theNSE was down 1.71 percent, underperforming the benchmark index, which was down 1.02 percent.
