Rupee extends losses; Nifty down 1 percent

Reuters Market Eye - The rupee is trading at 61.20/21 compared with its previous close of 61.04/05 on Thursday.

Index of the dollar against six majors up 0.2 percent.

Nifty trading down 1 percent and being watched for foreign fund flow cues.

Industrial output data due post market on Friday, inflation data next week key for near-term direction.

Most Asian currencies fall after weak German export data.

(Reporting by Swati Bhat)