Rupee falls past 82/$ despite dollar weakness; outflows likely

The rupee slid beneath the essential psychological level of 82 per dollar on Tuesday due to the possible corporate outflows and importer demand for the US dollar, according to traders. Dealer demand through the session was also mentioned by them. Weaker dollar index with persisting dollar buying indicated an outflow. This week, the Indian and US inflation data are going to be crucial for the rupee, with the former seen as more important by traders; it would be of significance for the sovereign bond market too.