Rupee down 10 paise against dollar in early trade

Forex dealers said fresh demand for the US dollar from banks mainly put pressure on the rupee but a higher opening in the equity market limited the downside.

Meanwhile, the BSE benchmark index Sensex recovered by 42.04 points, or 0.21 per cent, to 19,937.02 in early trade today.

The rupee had gained 8 paise to close at a three-and-a -half-month high of 53.22 against the dollar yesterday on sustained foreign fund inflows and sharp recovery in euro.