Rupee at 5-½ year low

Rupee slid to its lowest in more than 5-½ years on Monday as local shares dived nearly 6 percent, triggering fears of an accelerated outflow of foreign funds, while dollar demand from importers and oil firms weighed. Rupee ended at 47.80/81 per dollar, 1.5 percent weaker than its 47.0750/0850 at close on Friday. It slumped to 47.85 during the session, its lowest since Feb. 14, 2003.