The Indian rupee today depreciated further by 14 paise against the dollar to 47.40/41 in early trade after other Asian currencies eased against the greenback and Asian stock markets opened weak.
The rupee also came under pressure due to fresh demand for the dollar from importers.
At the Interbank Foreign Exchange (Forex) market, the domestic currency traded at 47.40/41 against the US currency, a fall of 14 paise over the previous close of 47.26/27 a dollar on Friday.
Dealers said dollar's strength against some other Asian currencies and subdued trend in Asian equity markets pulled down the rupee for the second straight day.
Traders were awaiting the Indian bourses to open for cues on foreign fund flows.
Among Asian markets, Hong Kong's Hang Seng was down almost 1.44 per cent in early trade.
Meanwhile, Indian benchmark Sensex ended the session on Friday with a modest gain of 23.48 points at 10,099.91.
