The Indian rupee today fell by 30 paise against the dollar in opening trade on expectation of fresh capital outflows. Dollar's gain against other Asian currencies and demand for the US currency from importers also put pressure on the Indian rupee. At the Interbank Foreign Exchange (Forex) market, the domestic unit declined by 30 paise to 48.25 a dollar over its previous close. Forex dealers said rupee turned weak on anticipation ofincreased capital outflows as the stock markets may open on a weak note in line with other Asian bourses, which are down up to 2.6 per cent in morning trade.
News On AIR | September 25, 2009 2:12 PM
Rupee depreciated by 30 paise