The rupee on Thursday depreciated by 20 paise to 49.21 against the U.S. dollar in early trade on the Interbank Foreign Exchange market, due to fresh demand from importers for the American currency amid strong global cues.
Forex dealers said weakness in euro and other Asian currencies against the dollar overseas also weighed on the rupee’s value.
Weak opening in the equity market and fresh demand for the US currency from importers, put pressure on the rupee, they added.
Meanwhile, the BSE benchmark Sensex fell by 184.83 points, or 1.04 per cent, at 17,567.85 in early trade.
—PTI