For the first time, the Indian rupee on Friday breached the 50-mark per dollar in early trade on the back of heavy capital outflows by foreign funds and increased demand for dollar denominated imports.
At the Interbank Foreign Exchange market (Forex), the local currency, which closed at 49.81/82 against US dollar yesterday, plunged by 22 paise to 50.03 in early trade.
Rupee has depreciated by around 20 per cent since the beginning of this fiscal.
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