The Indian rupee today fell marginally by 3 paise to 48.16 against the US dollar in early trade, on expectations of fresh capital outflows, as the stock market may open lower in line with mixed trends in other Asian markets.
Dollar demand from importers also put pressure on the indian currency.
At the Interbank Foreign Exchange (Forex) market, the domestic unit traded 3 paise down at 48.16 a dollar. The rupee ended 2 paise higher at 48.13/14 against the US currency in the previous session on Friday.
The Forex market had remained closed on Monday on account of "Id-ul-fitr".
Dealers said the rupee turned weak in anticipation of fresh capital outflows as the stock markets may commence in a negative zone but firming of some Asian currencies against the dollar capped rupee's losses.
