The Indian rupee weakened in early sessions on Friday, December 12, on account of capital outflows by foreign funds, declining Asian stocks and greenback demand from importers.
The partially convertible rupee stood at 48.65 against the dollar, depreciating 0.64% than its Thursday`s close of Rs 48.33/34.
Asian stocks declined, after Senate Republicans blocked a plan to rescue US automakers and the nation`s jobless claims soared to a 26 year high.
