The Indian rupee depreciated by 25 paise against the US dollar in early trade today on expectations of capital outflow of funds from the domestic bourses amid weak Asian markets.
At the Interbank Foreign Exchange (Forex) market, the domestic unit was quoted lower at 49.55, down 25 paise from its previous close of 49.30/31.
Forex dealers said expectations of capital outflow from the stock market on anticipation that the BSE Sensex would open weak, in tandem with the other Asian bourses and the greenback strengthening against other currencies, caused the fall in the domestic unit, they added.
