Rupee down 20 paise against dollar in early trade

September 23, 2013 10:09

The rupee fell by 20 paise to 62.43 against the dollar in early trade today at the Interbank Foreign Exchange market on demand from importers for the US currency amid a lower opening in the domestic market.

Forex dealers said besides fresh demand for the American currency from importers, a hike of 25 basis points in key lending rates by the Reserve Bank on Friday and a lower opening in the equity market mainly put pressure on the rupee but dollar's weakness against other currencies overseas limited the fall.

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