Tags:
Journalism of Courage
The Indian rupee depreciated by another 21 paise to trade at 48.15 against the dollar on sustained capital outflows amid heavy dollar buying.
The spreading swine flu in the country and the below-normal monsoon also influenced the trading sentiment.
In fairly active trade at the Interbank Foreign Exchange market,the domestic unit resumed lower at 48.15 a dollar from its overnight close of 48.36/37.
Heavy dollar buying in non-deliverable futures and contraction in overseas markets also put pressure on the rupee.
