Rupee down 8 paise against US dollar in early trade

Mumbai, May 4 (PTI) The Indian rupee depreciated by 8
paise to Rs 44.59 against the US dollar in early trade on the
Interbank Foreign Exchange on Wednesday, in tandem with
weakness in other Asian currencies overseas amid a lower
opening in the stock market.
The rupee fell by 18 paise to close at Rs 44.51/52
against the dollar in Tuesday's trade due to continued
demand from importers and some banks for the American currency
and weakness in equities.
Forex dealers said besides weakness in other Asian
currencies against the dollar overseas, the lower opening in
the stock market also put pressure on the rupee sentiment.
Meanwhile, the Bombay Stock Exchange benchmark Sensex
declined by 155.69 points, or 0.84 per cent, to 18,379.00 this
morning.