Rupee eases to 44.77 against dollar

The Sensex dropped 0.2 per cent in early trade on Tuesday,with financials leading the losses,taking cues from weak Asian markets.

The yen eased on Tuesday after the Japanese business daily Nikkei reported that the Bank of Japan may announce easing measures that go beyond initial expectations when its policy meeting ends later in the day. The dollar rose about 0.3 per cent against the yen to around 83.60 yen.

The index of the dollar against six majors was up 0.3 per cent.

Asian stock markets fell,with resource shares prominent losers,pressured by declines in US equities and in oil and metals prices.