16 February,2009 10:36 AM IST | | Agencies
The Indian rupee fell marginally by 5 paise against the US currency in early trade today in line with weak trend in Asian equities raising concerns of capital outflows by funds from the domestic stock markets.
At the Interbank Foreign Exchange (Forex) market, the domestic currency was quoted at 48.73 against the dollar, a fall of 5 paise over the previous close of 48.67/68 a dollar.
The domestic currency appreciated by 17 paise at 48.67/68 against the dollar on Friday.
Dealers said concerns of capital outflows by funds on fears that the domestic stock markets may open a shade lower, in tandem with other Asian bourses, mainly put pressure on the Indian rupee.
ALSO READ
Rupee recovers from record low to settle 17 paise higher at 86.53 against US dollar
Kharge blames government's 'rank incompetence' for steep slide in rupee
SBI report: Trump’s Influence on Indian Rupee expected to be temporary
Rupee recovers from record low, rises 21 paise to 86.49 against US dollar in early trade
Rupee among most stable currencies globally, says BJP, slams Cong for painting 'grim picture'
They said movements were restricted as traders preferred to keep their commitments at a low ebb ahead of an interim budget, which is expected to be presented in parliament at 11.00 a.m.
Meanwhile, Hong Kong's Hang Seng fell by 1.92 per cent, Japan's Nikkei shed 0.61 per cent, while Singapore's Strait Times moved down by 0.44 per cent in early trade today.
