<p class="title">The rupee dropped by another 14 paise to 73.90 per dollar in early trade on Monday as the US currency gained in global markets amid unabated foreign fund outflows.</p>.<p class="bodytext">The dollar strengthened after China's central bank eased its domestic policy to support the economy.</p>.<p class="bodytext">China's central bank said on Sunday that it was cutting the reserve requirement rations (RRRs) by 1 per cent from October 15 which will inject a net USD 109.2 billion in cash into the banking system, amid a deepening trade war with the US that has increased pressure on growth in the world's second-largest economy.</p>.<p class="bodytext">Forex dealers said the dollar's strength against major global currencies weighed on the rupee sentiment.</p>.<p class="bodytext">On Friday, the rupee had lost 18 paise to end at record low of 73.76 after collapsing to a life-time low of 74.23 (intra-day) after the RBI unexpectedly kept the policy rate unchanged.</p>.<p class="bodytext">Foreign investors have pulled out over Rs 9,300 crore (USD 1.3 billion) from the Indian capital markets in the last four trading sessions.</p>.<p class="bodytext">Meanwhile, the benchmark BSE Sensex continued to fall, losing another 67.72 points, or 0.20 per cent, to 34,309.27 in early trade Monday.</p>
<p class="title">The rupee dropped by another 14 paise to 73.90 per dollar in early trade on Monday as the US currency gained in global markets amid unabated foreign fund outflows.</p>.<p class="bodytext">The dollar strengthened after China's central bank eased its domestic policy to support the economy.</p>.<p class="bodytext">China's central bank said on Sunday that it was cutting the reserve requirement rations (RRRs) by 1 per cent from October 15 which will inject a net USD 109.2 billion in cash into the banking system, amid a deepening trade war with the US that has increased pressure on growth in the world's second-largest economy.</p>.<p class="bodytext">Forex dealers said the dollar's strength against major global currencies weighed on the rupee sentiment.</p>.<p class="bodytext">On Friday, the rupee had lost 18 paise to end at record low of 73.76 after collapsing to a life-time low of 74.23 (intra-day) after the RBI unexpectedly kept the policy rate unchanged.</p>.<p class="bodytext">Foreign investors have pulled out over Rs 9,300 crore (USD 1.3 billion) from the Indian capital markets in the last four trading sessions.</p>.<p class="bodytext">Meanwhile, the benchmark BSE Sensex continued to fall, losing another 67.72 points, or 0.20 per cent, to 34,309.27 in early trade Monday.</p>