Rupee down 13 paise against dollar in early trade

Continuing its slide, the rupee weakened further by 13 paise to trade at Rs 59.70 against the US dollar in early trade today on sustained capital outflows and strong demand of the American currency from importers.

However, the euro's gain against the US dollar overseas, capped rupee's loss.

The rupee had yesterday hit an all-time low of 59.93 intra-day, before the Reserve Bank stepped in to help the local currency recover some ground. It had ended 87 paise down at 59.57 on hefty outflows.

Meanwhile, the BSE benchmark Sensex declined by 79.13 points, or 0.42 per cent, to 18,640.16.