The rupee fell 25 paise to Rs 48.94 per US dollar in early trade at the Interbank Foreign Exchange market today due to appreciation of the American currency against other major rivals overseas and a lower opening in the domestic equity market.
Dealers attributed the rupee’s fall to dollar’s gains against the euro overseas on renewed worries about the euro zone debt crisis and a lower opening in the domestic stock market.
The domestic unit had strengthened by 7 paise to close at an over five-week high of Rs 48.69/70 against the US dollar in the previous session on sustained dollar-selling by exporters.
Meanwhile, the Bombay Stock Exchange benchmark Sensex was down 102.93 points or 0.58 per cent at 17,602.08 in the opening trade today.
