The Indian rupee slipped on Monday, as the dollar strengthened in the overseas trading and the domestic stocks sank in line with a fresh rout in world-wide risky assets.
At 11:42 am (IST), the rupee was at 45.9350 per dollar after opening at day's high of 45.7850. It had shut shop at 45.7875 on Friday.
The partially-convertible Indian currency fell 4.1% in August, the biggest monthly decline since May 2010, as foreign investors sold US$2.1bn worth of Indian shares.
Food inflation accelerated to a four-month high of 10.05% in the week ended Aug. 20 from a year earlier, data showed last week.
The Indian economy grew by 7.7% in the second quarter, the least since 2009, according to a report released Aug. 30.
