The Indian rupee today declined by 28 paise to a one-week low against the dollar in early trade on month-end dollar demand from importers and firmness in the US currency against major Asian currencies.

At the Interbank Foreign Exchange (forex) market, the domestic currency was quoted at 48.58 a dollar, a loss of 28 paise over the previous close. The rupee yesterday lost 21 paise to close at 48.30/31 a dollar.