Rupee turns weak, down 10 paise against dollar in early trade

Fresh demand for the American unit from importers put pressure on the rupee

The rupee was lower by 10 paise in early trade, after four days of rise, at 63.62 against the US currency at the Interbank Foreign Exchange today due to the dollar's gain against other currencies overseas.

Forex dealers said besides dollar strengthening against other currencies overseas, fresh demand for the American unit from importers put pressure on the rupee.

The domestic currency had gained three paise to end at 63.52 against the greenback yesterday on persistent selling of dollars by banks and exporters on hopes of resumption of foreign capital inflows.