The rupee was down nearly a percent in afternoon trade on Tuesday, pummelled by soft domestic equities and the Euro, as fears that Europe's debt woes would worsen dented risk appetite globally.

* At 1:41 p.m., the partially convertible rupee was at 49.17/18 per dollar, 0.98 percent weaker from Monday's close of 48.69/70. It had so far moved in a range of 48.8300 to 49.1851.

* The Euro was at $1.3747, sharply down compared with $1.4001 at the end of local trade on Monday, while the index of the dollar against six major currencies was at 76.968 points versus 75.982 points.

* Global risk aversion weighed on local benchmark share index as well. It was down more than 1.3 percent.

* Greek Prime Minister George Papandreou has threatened the Eurozone with a new crisis, following his shock decision to hold a referendum on the last-minute bailout deal struck only last week to try to contain the bloc's debt mountain.