Mumbai: The rupee on Monday depreciated by 31
paise to 46.59 a dollar in opening trade on expectations of
more capital outflows by foreign funds as market may open
lower in line with weak Asian markets.
At the Interbank Foreign Exchange (Forex) market, the
domestic unit traded 31 paise down at 46.59 a dollar. It had
closed 21 paise down at 46.28/29 against the dollar in
previous trading session on Friday.
Dealers said fears of increased capital outflows by
foreign funds following a weak pattern in other Asian markets
weighed on the rupee sentiment.
Weak Asian currencies and dollar buying by importers to
meet their requirements and banks also put pressure on the
rupee sentiment.
PTI
First Published: Monday, December 07, 2009, 10:22