Ends at 40.39/40
Rupee dropped to its lowest level in five months on Monday as a sell-off in the stock markets heightened fears of capital outflows, while January trade data showed the deficit more than tripling from a year ago.
Rupee ended at 40.39/40, its lowest finish since Sept. 18, and down 1 percent from Friday's close of 40.01/02. It was the biggest single-day percentage fall in four months. The rupee has fallen more than 2 percent so far in 2008.