Rupee Drops By 26 Paise Against Dollar

INSUBCONTINENT EXCLUSIVE:
amid rising crude prices and foreign fund outflows.At interbank forex exchange, rupee opened lower at 71.38 and weakened further to quote 26
paise lower at 71.45 against dollar.Forex dealers said dollar's gains against some other currencies overseas too weighed on rupee
sentiment.However, a positive opening of domestic equity market capped rupee's losses, they said.Brent crude, international oil benchmark,
was trading 0.46 per cent higher at $62.99 per dollar, its two-month high.On Friday, rupee had shed 16 paise to end at 71.19 against dollar.