The rupee was down on Monday tracking losses in domestic shares and losses in the euro.
At 9:23 a.m., the partially convertible rupee was at 44.90/91 per dollar, weaker than 44.86/87 per dollar at close on Friday.
Indian shares were flat to lower on Monday, amid shaky Asian peers, and shares in mobile operator Reliance Communications and utility Reliance Infrastructure, controlled by billionaire Anil Ambani, dropped on exclusion from the main index.
The euro edged lower on Monday, giving back some of the gains it made late last week, as euro zone finance ministers postponed a final decision on extending the next tranche of Greek bailout funds to early July.
The euro was trading at USD 1.4260, weaker than USD 1.4269 at the time of the local market close on Friday.
