Rupee opens lower on outflow concerns

Rupee opens lower on outflow concerns

Reuters / Mumbai February 14, 2012, 9:46 IST

The rupee opened weaker on Tuesday on worries over foreign fund outflow after rating agency Moody's warned it may cut its triple-A ratings for France, Britain and Austria.

At 9 a.m, the rupee was at 49.35 to the dollar, compared with Monday's close of 49.19/20.