Re falls further by 9 paise vs $ in opening trade

The rupee today depreciated further by 9 paise against the greenback in early trade on the dollar gaining strength against some regional currencies and funds outflows from domestic markets in line with Asian bourses, which too opened weak.

At the Interbank Foreign Exchange (Forex) market, the domestic currency traded lower at 49.29 against the US currency, a fall of 9 paise over the previous close of 49.20/22 a dollar.

Dealers said fears of capital outflows as domestic stock markets were expected to open sharply lower in line with weak trends in other Asian bourses in early trade and the dollar rise against the basket of other currencies mainly put pressure on the rupee.