Rupee down 11 paise against dollar in early trade

The rupee declined by 11 paise to 60.25 against the US dollar in early trade on Thursday due to appreciation of the American unit against other currencies overseas.

Besides, fresh demand for the US dollar from importers also put pressure on the rupee.

The local unit had gained 34 paise to close at eight-month high of 60.14 per dollar in yesterday's trade on sustained capital inflows.

Dealers attributed the fall in rupee today to dollar's gains against other currencies overseas but a higher opening in the domestic equity market capped the fall.

Meanwhile, the benchmark BSE Sensex rose by 62.65 points, or 0.28 per cent, to 22,157.95 in early trade on Thursday.