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Rupee depreciates by 22 paise in early trade
Updated On: 11 August, 2009 10:59 AM IST | | PTI
The Indian rupee on Tuesday depreciated by 22 paise to 48.02 against the US dollar in early trade on expectations of more capital outflows and dollar demand from importers. Dollar's gains against other currencies too weighed on the Indian rupee.
The Indian rupee on Tuesday depreciated by 22 paise to 48.02 against the US dollar in early trade on expectations of more capital outflows and dollar demand from importers. Dollar's gains against other currencies too weighed on the Indian rupee.
At the Interbank Foreign Exchange (forex) market, the domestic currency turned somewhat weak and fell by 22 paise to 48.02 a dollar, over the previous close. The rupee had gained 3.50 paisa at 47.8050/8150 against the US currency in yesterday's trade.
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