Rupee depreciates by another 49 paise
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.
The rupee on Thursday depreciated by 10 paise to 46.63 a dollar in opening trade on fears that capital inflows would be impacted adversely after the Reserve Bank tightened the guidelines for external commercial borrowings.