Rupee depreciates 31 paise against dollar
The rupee on Monday depreciated by 31 paise to 46.59 a dollar in opening trade on expectations of more capital outflows by foreign funds as market may open lower in line with weak Asian markets.
Mumbai, Aug 7 The Indian rupee today depreciated further by 17 paise to close at 47.84/85 against the US currency following heavy capital outflows amid sluggish equity markets despite a weak dollar overseas.