Rupee down by 3 paise

Mumbai: The Indian rupee fell by 3 paise to Rs 45.07 per US dollar in early trade at the Interbank Foreign Exchange today, weighed down by gains registered by the American currency against other Asian rivals.

However, a higher opening in the stock market capped the losses.

The Indian rupee ended 6 paise lower at 45.04/05 per US dollar in the previous session due to mild dollar demand from importers amid weak equity markets.

Forex dealers said a mixed trend in other Asian currencies and a halt in the euro`s overnight rally against the dollar put some pressure on the Indian rupee, but a higher opening in the stock market restricted the losses.

Meanwhile, the Bombay Stock Exchange benchmark Sensex gained 116.93 points, or 0.64 per cent, to 18,339.60 in opening trade today.