- The Indian rupee on Friday depreciated to an all-time low of 50.69 against the US currency in early trade on continued capital outflow by foreign funds and increased dollar demand from importers.
- At the Interbank Foreign Exchange (Forex) market, the domestic currency was quoted at 50.69 against the dollar, down 23 paise from its previous day's close.
- The rupee yesterday depreciated by 52 paise to 49.46/47 against the greenback.
- Dealers said concerns of capital outflows by funds and increased demand for dollar from importers caused the rupee to weaken.
- They added, the dollar's gains against other major currencies also weighed on the domestic currency.
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