Rupee depreciates by 8 paise against dollar in early trade

The rupee on Thursday depreciated by 8 paise against the US currency in early trade in line with weak stock markets.

At the Interbank Foreign Exchange (Forex) market, the rupee lost 8 paise to 46.05 a dollar. The domestic unit had closed higher by 25 paise at 45.97/98 yesterday.

Dealers said weakness in stock markets and strengthening dollar overseas weighed on the rupee sentiment.