The Indian rupee today depreciated by 27 paise at 50.57 against the US currency in early trade on heavy capital outflows by funds on expectations of weak opening of the domestic stock markets in line with other Asian equity markets.
Dealers said increased dollar demand from importers also led to the weakening of rupee.
At the Interbank Foreign Exchange (Forex) market, the local currency, which yesterday tumbled by 45 paise to a nearly three-week low of 50.30/31 a $, plunged by 27 paise at 50.57 against the greenback.
