The Indian rupee fell by 47 paise to Rs. 47.73 per US dollar in early trade on the Interbank Foreign Exchange on Monday amid a lower opening in the domestic stock and appreciation of the US currency against the euro overseas.
Dealers attributed the rupee’s fall to dollar gains against the euro overseas and a weak opening in the stock market.
The rupee had appreciated by 29 paise to close at Rs 47.26/27 against the US currency in the previous session on Friday on sustained dollar-selling by exporters and some banks.
