The Indian rupee depreciated by 25 paise to 44.57 a dollar in early trade on Monday on capital outflows by foreign funds from equities and the dollar’s gain overseas.
The rupee closed higher by 11 paise at 44.32/33 a dollar in the previous session.
Forex dealers said capital outflows by foreign funds from equities and dollar’s strength against other Asian currencies, mainly weighed on the rupee sentiment.
Meanwhile, the Bombay Stock Exchange index Sensex fell by 244.02 points, or 1.38 per cent to 17,347.16 points in the opening trade on Monday.
