Rupee declines by 13 paise against US dollar in early trade on the Interbank Foreign Exchange today, weighed down by a lower opening in the domestic equity market. The domestic currency had a gain of 27 paise to close at a nearly two-week high of Rs 52.71/72 against the dollar in the previous session on Friday amid fresh dollar-selling by exporters.
But the gains posted by the US dollar against the euro and other Asian currencies overseas put pressure on the rupee. Dealers said a subdued opening in the equity market and dollar gains against the euro on worries about Europe’s debt More >

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