MUMBAI: The Indian rupee extended its losses in the afternoon session on Tuesday tracking gains in the dollar versus major currencies, with mild gains in local shares failing to provide any clear direction on capital flows.
* At 2:10 p.m., the partially convertible rupee was at 46.78/79 per dollar, after touching 46.45 at open, its strongest since Aug. 11. It had closed at 46.53/54 on Monday. * The index of the dollar against six major currencies was up 0.6 percent.
* The euro dropped sharply against the yen on Tuesday after BOJ Governor Masaaki Shirakawa's comments that while he is watching market moves very closely, monetary authorities cannot control foreign exchange rates.
* Indian shares were trading 0.3 percent higher, with financials leading the rise, extending the previous session's rally.
* One-month offshore non-deliverable forward contracts were quoted at 47, weaker than the onshore spot rate.
* In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange and MCX-SX were both at 46.9175, with the total traded volume on the two exchanges at about $3 billion.
