The Indian rupee fell 24 paise to 53.74 in early trade on Monday, continuing its downward march for the fourth straight session at the Interbank Foreign Exchange, due to continued dollar demand from importers.
The rupee had lost 28 paise to end at an over one-week low of 53.50, due to sustained dollar demand from importers amid sluggish local stocks on Friday.
Forex dealers said a lower opening at the domestic equity market also put pressure on the domestic currency.
Meanwhile, the BSE Sensex fell 16.41 points, or 0.08 per cent, to 19,468.36 in early trade on Monday.
