Rupee sheds 14 paise against $ in opening trade

The Indian rupee fell by 14 paise to Rs 45.26 per US dollar in early trade at the Interbank Foreign Exchange today on sustained demand for the American currency and dollar gains overseas.

The rupee had gained 14 paise to Rs 45.12/13 against the US dollar in the previous session.

Forex dealers said besides dollar demand from importers, gains made by the American currency against other rivals overseas put pressure on the rupee.

A weakening trend in the equity market for the third straight day on foreign fund outflows also influenced the trading sentiment.

Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by 89.96 points to 18,088.37 points in opening trade today.