Rupee at one-month low, drops 36 paise against dollar

Mumbai, May 5 (PTI) The Indian rupee depreciated by 36
paise to 44.97 a dollar in early trade Wednesday, its lowest
since March 31, on capital outflows by foreign funds from
equities and the dollar's gain overseas.
The rupee closed lower by 10 paise at 44.61/62 a dollar
in the previous session.
Forex dealers said continued capital outflows by foreign
funds from stock market and dollar's strength against other
major currencies, mainly weighed on the rupee sentiment.
Meanwhile, the Bombay Stock Exchange index, Sensex,
dipped below 17,000-points level for the first time since
March 5, losing 268.31 points, or 1.56 per cent at 16,868.83
points in the morning trade Wednesday. PTI