The rupee on Wednesday depreciated by 10 paise to 46.77 a dollar in the opening trade largely in line with other Asian currencies which fell against the greenback.

Dealers said dollar’s gains against other currencies and fears of more capital outflows by foreign funds, as market may open lower in tandem other weak Asian markets, mainly weighed on the Indian rupee.

Dollar held at a two-month high against the yen, keeping firm tone it has developed recently on shifting sentiment about the outlook for the US rates.

The rupee has ended one paise down at 46.67/69 against the dollar in the previous volatile session.

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