The Indian rupee is expected to fall further in opening trades on Monday as the currency continues to linger around record low levels. On Friday, rupee fell to settle near all-time low at 84.08 against the US dollar weighed down by a firm American currency and unprecedented foreign fund outflows. The selling rush by foreign investors in pursuit of better gains from the Chinese market sent the domestic equity markets into a tailspin, dragging the benchmark indices down by nearly 8 per cent in the past two weeks. The BSE benchmark Sensex ended down 662.87 points or 0.83% at 79,402.29, after having climbed nearly 200 points to 80,253.19 in early trades. The broader Nifty50 index of the National Stock Exchange, which advanced to 24,440.25 early on in the session, settled at 24,180.90, down 218.60 points or 0.9% from the previous close. Higher US treasury yields, fear of slower interest rate cut by the Federal Reserve and uncertain geopolitical scenario weeks ahead of the US presidential election have prompted investors to move cautiously.

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