* Indian rupee in 3rd day of heavy losses; nears record low
LONDON, May 4 (Reuters) - Russian stocks fell 2 percent on Friday as concerns over the world economy weighed on oil prices, while broader emerging stocks appeared headed for their seventh straight week of losses, their longest stretch in the red since September 2008.
Sentiment was cautious ahead of key employment data in the United States and elections in France and Greece while the European Central Bank on Thursday dashed hopes of further monetary easing..
Russian stocks led losses on emerging markets, falling to 3-month lows while the rouble slumped to two-week troughs versus the dollar as Brent crude headed for its biggest weekly fall since December.
Emerging currencies weakened, led by the Indian rupee which suffered heavy losses for the third day in a row versus the dollar and headed for a record low touched on December 15 as outflows from equity markets gathered speed.
