Rupee down 10 paise to 57.12/dollar

Increased demand for dollar from importers, particularly oil companies, weighs on rupee sentiment

The rupee today depreciated by 10 paise to 57.12 against the dollar in early trade on the Interbank Foreign Exchange market, following increased month-end demand for the American currency from importers.

Dealers said apart from dollar gains against the euro overseas, increased demand for the dollar from importers, particularly oil companies, weighed on the rupee sentiment.

The rupee had ended just one paise higher at 57.02 against the American currency yesterday over its previous closing.

Meanwhile, the BSE benchmark Sensex regained psychological 17,000-level by rising 122.69 points, or 0.72%, to 17,029.27 points in early trade today.