In the domestic currency futures market on the NSE, the Indian Rupee opened at 49.22, low from the previous close of 48.92 and was seen trading at 49.10/12 around 11:30 am IST.

The Indian Rupee has lost around 11% in the period of 3 months due to global uncertainties.

Greece's debt problems, followed by debt issues in Ireland, Portugal and Spain has taken a toll over the Euro, which has had an impact to other major currencies as well, diving dollar up.

Recently Crisil Research report mentioned, there is a huge demand for dollars from corporates to repay foreign borrowing, which is another reason Rupee weighed down against Dollar.