The rupee fell by five paise against the US currency in early trade today after increased demand for $ by oil importers.
At the Interbank Foreign Exchange (forex) market, the domestic currency was quoted at 48.15 a $ in the early trade, down by 5 paise over the previous close of 48.10 a $.
Dealers said month-end $ demand from importers and refiners weighed on the rupee sentiments.
However, weakness in $ against other major Asian currencies capped further fall in rupee, they added.
On Friday last week, the rupee closed higher by 50 paise to end at 48.10/11 against the American currency.
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