RTRS: Indian rupee off 1-wk lows as stx gain nearly 1 pct
MUMBAI, July 30 (Reuters) - The Indian rupee came off fresh one-week lows on Thursday afternoon as the domestic sharemarket shrugged off a shaky start and rose close to 1 percent while dollar's drop versus major currencies also helped.
* At 1:40 p.m., the partially convertible rupee INR=IN was at 48.47/48 per dollar, a little weaker than Wednesday's close of 48.42/43. In early deals, the rupee fell to 48.58, its weakest since July 22.
* Local stocks .BSESN pared most of its early fall and rose as investors covered their short positions just ahead of the expiry of the monthly derivative contracts. [.BO]
* Foreigners have been net buyers of $6.9 billion worth of shares this year, following net sales of more than $13 billion in 2008.
* The dollar index .DXY, a gauge of the U.S. unit's performance versus six majors, was down 0.4 percent.
* One-month offshore non-deliverable forward contracts PNDF were quoting at 48.50/60, little weaker than the onshore spot rate.
* In the currency futures market, the most traded near-month contract on the National Stock Exchange and MCX-SX were quoting at 48.5375 and 48.54 respectively, with the total traded volume on the two exchanges at about $720 million. (Reporting by Swati Bhat; Editing by Harish Nambiar)
