Rupee down 7 paise at 46.78 a dollar in opening trade

Mumbai, Dec 16 (PTI) The Indian rupee Wednesday
depreciated by 7 paise to 46.78 against the US dollar in
opening trade largely in line with other weak Asian
currencies.
At the Interbank Foreign Exchange (Forex) market, the
domestic unit traded 7 paise lower at 46.78 a dollar. The
rupee had ended one paise down at 46.71/72 against the dollar
Tuesday after the Bombay Stock Exchange (BSE) benchmark Sensex
ended 220.39 points, down as sentiments remained low with
investors fearing that a rate hike is imminent now on back of
rising inflation.
Inflation for November rose to 4.78 per cent from 1.34
per cent in October.
Forex dealers said dollar's gains against other
currencies and fears of more capital outflows by foreign funds
amid weak Asian markets, mainly weighed on the Indian rupee.
PTI