The Indian rupee slid to a 7-week low of 45.10 against the US dollar in early at the Interbank Foreign Exchange today amid sluggish equity markets and good dollar demand from importers.
In fairly active trade at the Forex market, the local currency opened slightly lower at 44.85/86 a dollar against last weekend's closing level of 44.80/81 per dollar and dropped further to 45.10 per dollar before quoting at 45.00/02 at 1030 hours.
Forex dealers said expectations of fresh capital outflows following weakness in local equities and fears of monetary tightening by China due to the overheating economy also put pressure on the rupee.
Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by another 21 points, or 0.10 per cent, in early trade.
