Mumbai: The Indian rupee fell by 47 paise to Rs 47.73 per US dollar in early trade on the Interbank Foreign Exchange on Monday amid a lower opening in the domestic stock and appreciation of the US currency against the euro overseas.
Dealers attributed the rupee`s fall to dollar gains against the euro overseas and a weak opening in the stock market.
The rupee had appreciated by 29 paise to close at Rs 47.26/27 against the US currency in the previous session on Friday on sustained dollar-selling by exporters and some banks.
Meanwhile, the Bombay Stock Exchange benchmark Sensex was up by 161.38 points, or 0.95 per cent, at 16,672.45 in opening trade on Monday.