The rupee on Friday weakened by 33 paise to Rs. 54.83 against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the U.S. currency from importers amid firm global cues.
Forex dealers said besides dollar’s gains against euro and yen overseas, increased demand from oil importers for the American currency and a weak opening in the stock market also put pressure on the rupee.
The rupee had lost 15 paise to close at Rs. 54.50 against the U.S. dollar on Thursday.
Meanwhile, the BSE benchmark Sensex fell by 43.29 points, or 0.22 per cent, to 19,721.49 in early trade today.