Rupee depreciates against dollar in early trade

The Indian rupee depreciated by 12 paise to 47.25 a dollar in early trade on Friday on capital outflow by foreign funds from equities and the dollar’s gain overseas.

Forex dealers said continued capital outflow by foreign funds from stock market and dollar’s strength against other major currencies, mainly weighed on the rupee sentiment.

Rupee had closed at 47.13 in previous session.

Meanwhile, the Bombay Stock Exchange index, Sensex, plunged by 332.65 points to 16,187.03 in early trade.