MUMBAI: The Indian rupee on Thursday lost 21 paise against the greenback to breach the 49-mark once again amid a steep fall in stock markets even
as the dollar continued to be strong against its rivals in the overseas market.
Anticipation of capital outflows to meet the monetary needs, which may come up if financial problems in the West get deepening, kept the rupee under pressure.
Global stock markets tumbled today as the worries of banking industry augmented further after German lender Deutsch Bank posted losses of USD 6.4 billion for the fourth quarter.
Firm dollar against the euro as well as other major rivals also affected the rupee sentiment, dealers in foreign exchange said.
At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed lower at 49.15/20 a dollar. It later recovered some lost ground to settle the day at 49.03/05 a dollar.
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