The rupee fell below the 49 mark versus the dollar on Tuesday, as global stocks tumbled and the euro slid amid fresh concerns about the eurozone sovereign debt problems.
Global investors pared their bets of risky assets after the Greek Prime Minister George Papandreou pledged to hold a referendum on the EU bailout plan, raising the risk of a possible default by the debt-strapped nation.
At 3:30 pm (IST) today, the partially-convertible Indian currency was at 49.25 per dollar after being as low as 49.27.
The rupee had opened at the day's high of 48.88 compared to the previous close of 48.6950.
