The Indian rupee today fell by 26 paise against the US dollar in early trade owing to heavy capital outflow by foreign funds amid expectations of weak opening of the Indian bourses due to the Satyam fiasco.
At the Interbank Foreign Exchange (Forex) market, the domestic unit, which closed at 48.28/29 on Friday, plunged by 26 paise to 48.54/$ as weak Asian markets put pressure on rupee.