Rupee depreciates further by 17 paise vs dollar
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.
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.