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ET:Rupee off highs as negative shares weigh
 
MUMBAI: The rupee was off highs in afternoon trades on Friday as negative local shares partially offset a strong euro and robust dollar inflows.

* At 2:25 p.m., the partially convertible rupee was at 44.6100/6175 per dollar, after touching 44.56 earlier in the day, its strongest since May 5. It had closed at 44.695/705 on Thursday.

* The euro rose to a three-week high against the dollar on Friday, buoyed by better risk sentiment with investors shifting their focus from the euro zone's sovereign debt troubles to upcoming U.S. economic data.

* Indian shares were down more than 0.3 percent in choppy trade as investors booked profit after more than 7 percent rise in the past six sessions.

* The index of the dollar against six major currencies was up 0.04 percent at 74.331 points-- but below 74.473 at the end of the local forex market on Thursday, while the euro was at $1.4525 from $1.4473.
Source