Rupee slips to 50.00 against dollar

The euro struck a one-month low against the dollar and a three-week trough versus the yen on Monday due to uncertainty over policy steps that the European Central Bank may take.

Foreign fund flows have a significant impact on the rupee’s fortunes. Foreigners have bought a net of about $730 million of shares so far in April,trimming their net sales in 2009 to about $800 million.

Analysts are almost evenly split over whether the central bank will cut its key lending rate at a scheduled policy review on Tuesday,a Reuters poll showed.