Rupee down 7 paise against US dollar in early trade

The rupee again breached the 62-mark by falling 7 paise to 62.01 against the US dollar in early trade today on the Interbank Foreign Exchange market today due to appreciation of the greenback against other currencies overseas.

Forex dealers attributed the fall in the rupee to dollar's gains against other currencies overseas and increased demand for the American unit from oil importers.

The rupee had slipped 18 paise to close at 61.94 against the dollar on rising demand for the US currency from importers.

Meanwhile, the benchmark BSE Sensex rose by 41.68 points, or 0.14 per cent, to 28,541.22 in early trade today.