Mumbai: The Indian rupee weakened in early trade on Thursday, as weak cues from Asian stock markets and a widening trade deficit hurt sentiment, but traders were wary of central bank intervention.
At 9:30 am the partially convertible rupee was at Rs44.49/50 per dollar, from its previous close of Rs44.38/39.
Asian shares fell to new two-year lows on Thursday as further signs of a slowing global economy - from the euro zone to Japan - hit sectors, such as technology that rely on exports.