<div>The rupee fell to a one-month low on 3 January, extending losses for a third consecutive session, as the dollar strengthened against emerging Asian currencies and as a bout of risk aversion hit local stocks.<br /><br />The partially convertible currency fell to as much as 62.53 to a dollar, a level last seen on 4 December, as against Thursday's close of 62.26/27. It was last trading at 62.51/52.<br /><br />Local shares were down 0.6 per cent, after falling the most in six weeks on 3 January.<br /><br />Asian currencies were largely weaker, with the Philippine peso at a four-month low.<br /><br />(Reuters)</div>
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