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The rupee fell by 5 paise to 45.01 per US dollar in the early trade at the Interbank Foreign Exchange market today, weighed down by the dollar’s gains against the euro and other currencies overseas.
Forex traders said strengthening of the dollar against the euro and other currencies and a subdued start in the stock market and demand for the American currency from oil importers mainly put pressure on the rupee.
The rupee rose 5 paise to close at nearly a three-week high of 44.96/9650 against the US currency on Tuesday on continued dollar-selling by banks and exporters amid a rebound in equities.
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