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Rupee down 14 paise in early trade

Forex dealers said increased demand for the American currency from importers, mainly oil refiners, and banks mainly kept pressure on the Indian currency.

twitter-logo PTI   Mumbai     Last Updated: November 18, 2010  | 11:25 IST

The Indian rupee fell 14 paise to Rs 45.45 against the US dollar in early trade at the Interbank Foreign Exchange on Thursday on continued demand for the American currency from importers and some banks.

Forex dealers said increased demand for the American currency from importers, mainly oil refiners, and banks mainly kept pressure on the Indian rupee.

However, an early rally in the equity market capped the losses.

The rupee ended at a seven-week low of Rs 45.31/32 against the US dollar in the previous session on Tuesday, following a sharp fall in the stock market.

Meanwhile, the Bombay Stock Exchange benchmark Sensex rose 191.30 points to 20,056.44 in opening trade.

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