Rupee drops; global risk sentiment weak

At 9:02 a.m. (0332 GMT), the partially convertible rupee was at 56.02/03 per dollar, sharply below Thursday's close of 55.65/66 and approaching the record low of 56.40 hit in the previous session.

The euro continued to hover near 2-year lows against the dollar while the Nifty futures traded in Singapore were down 0.3 percent.

(Reporting by Swati Bhat; Editing by RafaelNam)