The rupee fell by 24 paise to 53.80 against the dollar in early trade today at the Interbank Foreign Exchange on month-end demand for the American currency from oil importers.
Besides, euro's weakness against the dollar overseas on euro zone concerns also put pressure on the local unit, forex dealers said.
However, a higher opening in the stock market capped the rupee's losses, they added.
Meanwhile, the BSE benchmark Sensex rose by 85.16 points, or 0.46%, to 18,710.50.
The rupee had gained 16 paise to end at 53.56 against the dollar in the previous session on Thursday on rise in local equities amid fresh selling of the American currency by exporters.
The forex market remained closed on Friday on account of 'Idd-Ul-Zuha'.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app