The Indian rupee on Tuesday depreciated by 10 paise to 46.57 against the US currency in early trade largely in line with other weak Asian currencies.
Dollar’s demand from importers also put some pressure on the Indian rupee.
At the Interbank Foreign Exchange (Forex) market, the domestic unit traded 10 paise down at 46.57 a dollar. The rupee ended 14 paise higher at 46.47/48 against the US currency in the previous session.
Forex dealers said besides losses in other Asian currencies against the dollar, expectations of fresh capital outflows by foreign funds from the stock market also weighed on rupee’s sentiments.
They said demand for the US dollar from importers too put pressure on the Indian rupee.
Meanwhile, the benchmark Sensex ended 158.33 points higher on Monday.