The Indian rupee today skidded by 8 paise against the dollar in early trade due to the month-end dollar demand from importers.

At the Interbank Foreign Exchange (forex) market, the domestic currency was quoted at 48.24 a dollar, a fall of 8 paise over the previous close. Yesterday, the rupee gained 6 paise to close at 48.16/17.

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The dollar's mixed trend against other Asian currencies and expectations that the stock market may open in negative zone also put pressure on the Indian rupee, they added.

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