Rupee down 33 paise Vs dollar in early trade

Increased demand for the dollar from banks and importers also put pressure on the rupee.

Dealers attributed the rupee's fall to dollar gains against the euro overseas and a lower opening in the stock market.

They said, the US dollar hovered around two-month highs against a basket of major currencies in Asia on today as investors sought the safe-haven currency given uncertainty surrounding the US presidential election.

The rupee had closed 11 paise lower at 53.81 a dollar on Friday.

Meanwhile, the BSE benchmark Sensex was down by 14.60 points, or 0.07 per cent, at 18,740.85 in the opening trade today.