India rupee drops to new 1-yr low on weak data

MUMBAI, May 12 (Reuters) - The Indian rupee fell to a fresh one-year low on Monday, past 41.80 per dollar as weak factory data raised concerns about a slowdown in Asia's third-biggest economy.

At 12:44 p.m. (0714 GMT), the partially convertible rupee <INR=IN> was at 41.85/86, a level it last hit in April 2007, according to Reuters data and 0.6 percent below Friday's close of 41.60/61. (Reporting by Saikat Chatterjee; Editing by Ranjit Gangadharan)