Rupee nosedives by 38 paise at 46.82 a dollar in early trade

RUPEE

Mumbai, Nov 27 (PTI) The Indian rupee Friday plunged by
38 paise against the US dollar in early trade largely on weak
Asian cues.

At the Interbank Foreign Exchange (Forex) market, the
domestic unit traded at 46.82 dollar against the last close of
46.44 in first five minutes of trading.
Dealers said the domestic currency came under pressure
mainly because of fear of capital outflows by foreign funds as
equity market is expected to open lower in tandem with other
Asian markets.
However, the dollar's weakness against some other
international currencies capped rupee's losses. PTI RS
DDC


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