The Indian rupee shot past the Rs. 53 per US dollar-mark in early trade on Thursday, losing 8 paise to Rs. 53.05 per dollar amid foreign capital outflows and dollar gains against the euro and other rivals overseas, coupled with a lower opening in the domestic equity market.
The rupee had closed 5 paise higher at Rs. 52.97/98 per US dollar on the Interbank Foreign Exchange yesterday on fag-end dollar-selling by some banks and exporters.
Dealers said weakness of the euro and other Asian currencies against the dollar overseas and a lower opening in the domestic stock market mainly put pressure on the rupee in early trade.
