Indian rupee weaker tracking regional shares

The Indian rupee recovered early losses on Friday afternoon but still traded weaker than the previous close, tracking local share prices.
* At 2:55 p.m., the partially convertible rupee INR=IN was at 48.05/06 per dollar, off an early low of 48.31, its lowest since Sept. 16, but still weaker than Thursday's close of 47.95/96.
* Share prices were trading 0.6 percent weaker. The main share index .BSESN had fallen as much as 0.97 percent in the opening deals, and had briefly turned positive.
* The rupee hit an intraday high of 47.92 per dollar when the shares had turned briefly positive.
* In the currency futures market INRFUTURES the most traded near-month contracts were at 48.1625 on the National Stock Exchange and MCX-SX, weaker than Thursday's close of 48.0850. (Reporting by Anurag Joshi; Editing by Ramya Venugopal) more details : http://marketmantra.in/Currency.asp