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Rupee opens lower on outflow concerns

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Reuters Mumbai

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.

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First Published: Feb 14 2012 | 12:00 AM IST

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