Rupee eases by 12 paise against dollar in early trade

The rupee depreciated by 12 paise against the US currency in early trade on Thursday on fresh capital outflows by foreign funds and the dollar's gains overseas.

The rupee depreciated by 12 paise against the US currency in early trade on Thursday on fresh capital outflows by foreign funds and the dollar's gains overseas.

At the Interbank Foreign Exchange (Forex) market, the rupee fell by 12 paise to 46.22 a dollar. The rupee had closed higher by 11 paise at 46.10/11 a dollar in the previous session.

Forex dealers said besides dollar gaining overseas, weak trend on the stock markets also weighed on the rupee sentiment.

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