Rupee slumps 11 paise against U.S. dollar in early trade

Mumbai, January 7, 2011 (PTI): The Indian rupee fell by 11 paise to Rs. 45.35 a dollar in the early trade at the Interbank Foreign Exchange on Friday, tracking gains in the American currency overseas and weak opening at the stock markets.

Forex traders said U.S. dollar's gains against the euro and other currencies and sluggish opening at bourses weighed on the rupee sentiment.

The rupee had ended 7 paise higher at Rs. 45.24/25 a dollar in the previous session on late dollar selling by exporters and banks.

Meanwhile, the BSE benchmark Sensex fell by 57.14 points to 20,127.60 in opening trade today.