RTRS:Rupee dips to near 9-month low on dollar outflows
(Reuters) - Rupee weakened in early trade on Monday to levels not seen in nearly nine-months due to bunched up dollar outflows following a local forex market holiday on Friday.
Indian shares had fallen nearly 2 percent last Friday to log their fourth straight weekly loss, their longest weekly losing streak since the Lehman collapse in 2008, as fears of United States sliding into a recession triggered a safe-haven flight globally.
At 9:12 a.m. (0342 GMT), the partially convertible rupee was at 46.08/09 per dollar, 0.75 percent weaker from its 45.735/745 close last Thursday.
(Reporting by Aditya Phatak; editing by Malini Menon)
