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Commodity stocks drop following slump in metal, oil prices
MUMBAI: The rupee weakened to its lowest in more than a week on Friday as a lack of dollars in the market and a widening trade deficit weighed, but traders would be eyeing the local share market for further cues.At 9:15 am, the partially convertible rupee was at 49.06/10 per dollar, off a low of 49.13, its lowest since Dec. 24, and weaker than its previous close of 48.76/78.Dealers said they would be watching the local share market for further cues on foreign fund flows.Foreign funds withdrew $1...
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