The partially convertible rupee eased on Monday, as losses in Asian stocks and worries about rising inflation and slowing growth at home weighed on foreign investor appetite for local stocks.
* At 9:04 a.m., the rupee was at 42.76/77 per dollar, weaker than 42.69/70 per dollar on Friday. It hit a low of 43.21 last week, a level it last traded in early April 2007.
* Asian stocks fell more than 1 percent on Monday, with regional shares outside Japan hitting a 1-month low, as investors feared rising inflation and sluggish U.S. economic growth would seriously dent consumer demand.
* Annual inflation topped 8 percent in March for the first time in 3-½ years, revised data for March 15 showed on Friday, and analysts said a looming fuel price rise could push it closer to double digits.
* Foreigners have sold more than $3 billion of Indian stocks so far this year and the benchmark stock index is down 18 percent in 2008. Foreigners bought $17.4 billion of stocks in 2007, when the stock market rose 47 percent.
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