Rupee slips 11 paise against dollar in early trade

Rupee was trading lower by 11 paise at 67.18 against the US dollar in early trade at the Interbank Foreign Exchange today on increased demand for the American currency from importers and banks.

Dealers attributed the rupee's fall to increased demand for the US currency, but dollar's weakness against some currencies overseas and a higher opening in domestic equity market restricted the fall.

On Friday, the rupee had dropped 16 paise to 67.07 a dollar on fresh demand for the US currency from banks and importers amid fall in domestic equities.

Meanwhile, the BSE Sensex recovered by 146.93 points or 0.52 per cent to 27,983.43 in early deals.