Rupee down 3 paise vs dollar in early trade

The rupee fell marginally by 3 paise to 62.15 against the US dollar in early trade on Monday at the Interbank Foreign Exchange market due to increased demand for the US currency from importers.

Forex dealers said besides dollar's gains against other currencies overseas, increased demand from importers for the American currency and a lower opening in the domestic equity market also put pressure on the rupee.

The rupee had gained 11 paise to close at 62.12 against the US dollar in the previous session on Friday on selling of the American currency by banks and exporters amid foreign capital inflows fuelling a rebound in shares.

Meanwhile, the BSE benchmark Sensex fell by 62.09 points, or 0.30%, to 20,638.66 in early trade today.