Rupee weakened in afternoon trade on Friday in tandem with the fall in domestic equities, but dollar selling by exporters around the level of 44.95 prevented a further fall.
* At 2:40 pm, the partially convertible rupee was at 44.9350/9400 per dollar, versus Thursday's close of 44.90/91.
* The rupee has moved in 44.8275-44.9650 range so far in the day and is likely to stay in 44.95-45.00 band in rest of trade.
* Traders said rupee direction may be influenced by euro's move as Greece struggles to avoid a debt default.
* The euro was at $1.4170 in the local forex market after rising to intraday high of $1.4221. The index of the dollar against six major currencies was down 0.20% at 75.601 points.
* The euro fell against the dollar on Friday, hurt by fears the euro zone debt crisis could spiral out of control, and could test the previous session's three-week lows if policymakers delay plans to find a solution for Greece.
* Indian shares were on course for a second weekly fall as they erased early gains and dropped over 0.4% on Friday, with investor confidence dented by rising domestic interest rates and the debt woes in Greece.
