The rupee is expected to extend a slide to a fifth consecutive session on Wednesday, pressured by oil import payments and dwindling capital inflows as global risk appetite wanes.
* Traders said the rupee is likely to open around 50.50 to the dollar and move between 50.40 and 50.80. It closed at 50.36/37 on Tuesday, after touching a six-week low of 50.3950.
* Asian shares fell for a third day in a row with renewed uncertainty over Greece's bailout and mounting worries about slowing global economies overshadowing support provided by ample liquidity.
* At 8.01am IST, the MSCI index of Asian stocks ex-Japan was down 0.74 per cent and the Nifty India stock futures index in Singapore was 0.5 per cent lower.
Copyright @ Thomson Reuters 2012
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