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Moving in sync with the equity market, the rupee slipped to the Rs 45-level against the US dollar after six weeks, shedding 36 paise to Rs 45.10 in early trade on foreign capital outflows amid persistent dollar demand from importers.
The rupee resumed lower at Rs 44.90/91 per dollar on the Interbank Foreign Exchange, as against last weekend’s close of Rs 44.74/75 per dollar, and dropped further to Rs 45.10 per dollar before quoting at Rs 45.05/06 per dollar at 10.30 a.m.
The domestic currency moved in a range between Rs 44.90 and Rs 45.10 per dollar in early trade.
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