Indian Rupee falls to 17month low

The rupee fell to 17-month lows in opening deals on Tuesday, slipping below 44 per dollar, weighed down by weak Asian stock markets.

The partially convertible rupee was today at 44.01/02, a level it last tested on March 20, 2007 and 0.5 per cent weaker than Monday's close of 43.79/80.