Indian rupee ended trading once again in the red Monday at 47.80/81 per dollar mainly on fears of foreign fund outflows and dollar demand from importers.
Foreign funds have pulled out a net $9.4 billion from Indian stocks so far in 2008 after buying a record $17.4 billion last year.
Meanwhile Asian oil prices fell below $90 a barrel to its lowest in eight months, pressured by expectations that the global credit crisis would bring a sharp fall in oil demand.
