Rupee seen falling to all-time low

The rupee is seen slipping to an all-time low after it opened weaker on Asian stocks and import payments for oil.

MUMBAI: The rupee was slightly weaker in early trade on Monday as shaky Asian stocks fuelled expectations of accelerated capital outflows from local shares.

* At 9:20 a.m. the partially convertible rupee was at 50.12/13 per dollar, weaker than Friday's close of 50.04/05. It had hit a record low of 50.60 on Thursday.

* One-month offshore non-deliverable forward contracts were quoting at 50.97/51.12, weaker than the onshore spot rate, indicating a bearish outlook for the local unit.