BENGALURU, Aug 14 Reuters Indian shares fell on Monday to a more than onemonth low, in line with Asian peers, weighed by concerns around local industrial output and weak consumption in top consumer China, while investors focus on domestic inflation data due later in the day.

The Nifty 50 index was down 0.6 at 19,310, while the SP BSE Sensex fell 0.5 to 64,989, as of 1028 a.m. IST.

Metal stocks were the top drag, falling about 2, while auto, public sector bank index were down over 1, each.

Meanwhile, the Indian rupee fell below 83 to the U.S. dollar for the first time since October 2022, as a jump in U.S. yields pressured Asian currencies.

India39;s industrial output growth rate slipped to a threemonth low of 3.7 yearonyear in June, while disappointing credit data added to worries about China39;s slowing economy, compounded by property shocks.

Industrial output numbers were pretty weak, which is showing some weakness on the macro side as it is very important from the capex, growth and manufacturing angle, said Anita Gandhi, wholetime director at Arihant Capital Markets.

Foreign investors, who had bet on the country39;s growth and cooling inflation in the last quarter turned net sellers over the last few sessions. Foreign investors sold shares worth 30.73 billion rupees 370.8 million on Friday, which is also causing some jitters among Indian investors, analysts said.

Investors are awaiting India39;s retail inflation data, which likely accelerated to 6.40 in July on…