Rupee depreciates 1% during the week
The Indian rupee depreciated 1% to stand at 49.27 against the greenback for the week ended January 23 from the previous week`s close of 48.78.
The Indian rupee depreciated further by 49 paise in morning deals to a nearly two-week low of 48.51/52 against dollar due to weakness in equity markets and heavy dollar buying by banks.