Rupee eases by 3 paise against dollar in early trade

The rupee eased by 3 paise against the dollar in early trade on Tuesday after a six-day rally on fresh capital outflows by foreign funds and a firm US currency.

At the Interbank Foreign Exchange (Forex) market, the rupee fell by 3 paise to 45.55 a dollar. The rupee closed higher by 8 paise at 45.52/53 a dollar in the previous session after hitting an eight-week high of 45.38 due to persistent selling of dollars by exporters and banks on continued capital inflows by foreign funds.

Forex dealers said the dollar gaining against other Asian currencies and a weak trend on stock markets weighed on the rupee sentiment.