Rupee falls by 20 paise in early trade

MUMBAI: The rupee on Wednesday depreciated by 20 paise against the dollar in early trade on increased demand for the US currency from importers.

At the Interbank Foreign Exchange (forex) market, the domestic currency was quoted at 48.10 a dollar, a loss of 20 paise over the previous close. The rupee closed at 47.90 a dollar against the greenback yesterday.

Marketmen said increased demand for dollar from importers put pressure on the rupee.

The US currency rose against other Asian currencies which also dampened the rupee sentiment, they added.