MUMBAI, April 10 (Reuters) - The Indian rupee slid to a near-three-month low on Tuesday weighed by dollar demand from oil importers, while choppy local shares and worries over global growth kept risk appetite subdued.
* Dollar demand from local oil refiners weighs
* Global growth worries pressurise local currency
* Weak domestic econ factors hurting rupee - traders (Updates to close)
By Aditya Phatak
The rupee ended at 51.475/485 to the dollar, weaker than Monday's close of 51.14/15, after touching a low of 51.495, a level last seen on Jan. 16.
Emerging market currencies, including the rupee, received a boost after robust Chinese trade data raised hopes for improvement in risk appetite, but then focus shifted to the slower-than-expected import growth prompting profit sales.
The China data initially pushed up the rupee to an intraday high of 51.06 to the dollar. But concerns about the broader Indian economy is likely to keep the rupee pressured, dealers said.
"More pressure on the rupee is likely due to weak domestic fundamentals like a widening current account deficit, absence of strength in equities and lack of large dollar inflows," said Subramaniam Sharma, director of brokerage Greenback Forex, who expects the currency to inch towards 51.60 during the week.
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