LIV: Rupee down 18 paise against dollar in early trade
At the Forex market, the local unit, which surged 12 paise to 49.80/81 against the dollar on Friday, fell by 18 paise to 49.98
Mumbai: The Indian rupee on Monday depreciated by 18 paise to 49.98 against the US dollar in early trade on increased month-end dollar demand from importers and expectations of capital outflows by funds.
At the Interbank Foreign Exchange (Forex) market, the local unit, which surged 12 paise to 49.80/81 against the dollar on Friday, fell by 18 paise to 49.98.
The domestic stock market is expected to open on a weaker note in line with other Asian markets, leading to capital outflows by funds, forex dealers said.
Meanwhile, the Bombay Stock Exchange 30-share index had gained 194 points to end at more than a six-month high of 11,329.05 last week.
