Rupee down 3 paise against US dollar

Mumbai: The Indian rupee lost 3 paise to Rs 44.79 per US dollar in early trade at the Interbank Foreign Exchange on Tuesday, weighed down by dollar gains against the euro and other currencies overseas.

Forex dealers said strengthening of the dollar against the euro and Asian currencies and a lower opening in the stock market mainly put pressure on the rupee.

The rupee rose by 5 paise to close at Rs 44.76/77 against the US dollar in yesterday`s trade after equities closed a shade higher.

Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by 68.87 points to 18,351.24 in opening trade today.