Rupee sheds 8 paise against US dollar

Mumbai: The Indian rupee fell by 8 paise to Rs 45.87 per US dollar in early trade on the Interbank Foreign Exchange today, weighed down by weakness of the euro and other Asian currencies against the dollar overseas and a lower opening in the equity market.

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

The rupee gained 29 paise to close at a one-week high of Rs 45.79/80 against the American currency in the previous session on renewed capital inflows and dollar weakness overseas.

Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by 190.03 points, or 1.13 per cent, to 16,631.07 in opening trade today.