The Indian rupee depreciated 24 paise to 47.52/53 a $ in the early trade today on sustained demand from importers for the American currency coupled with a strong $ in overseas markets.

In the Interbank Foreign Exchange (forex) market, the rupee resumed lower at 47.43/44 a $ from its previous close of 47.28/30 before quoting at 47.52/53 at 1030 hrs, showing a loss of 24 paise.

Also Read   Related Stories News Now - Re down 16 paise against $ in early trade - Rupee may rise to 46/$ in 12 months: Goldman Sachs - Re down 22 paise against $ in early trade - Rising rupee dulls gold's global price rise in India - Rupee appreciation likely in coming months, says TCS CFO - Re breaches 47-mark, at five-month high

Also Read   Related Stories News Now - Markets recover from lows - Karnataka to mull cess cut on petrol after polls - M&M to spend Rs 5,000 cr on capex - RINL to kick off overseas roadshows for IPO on June 21 - Agri Min proposes Rs 170/quintal hike in paddy MSP More

Forex dealers said $'s firmness against major world currencies in the overseas market, also affected the rupee sentiment.

Dealers said month-end $ demand from oil refiners and importers also put pressure on the rupee.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets recover from lows - Karnataka to mull cess cut on petrol after polls - M&M to spend Rs 5,000 cr on capex - RINL to kick off overseas roadshows for IPO on June 21 - Agri Min proposes Rs 170/quintal hike in paddy MSP

Tags : Rupee | forex market | $   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -  Help a Child Achieve her. Click to know more -  Watch The Film Here. Click here to know more.. -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here