The Indian rupee fell by 7 paise to Rs 49.33 per dollar in early trade today, weighed down by dollar gains against the euro and other currencies overseas and a weak trend in the domestic equity market.
At the Interbank Foreign Exchange, the domestic unit tumbled by 57 paise to end at Rs 49.26/27 per dollar in the previous session amid weak stocks and a strong dollar overseas.
Dealers said weakness of euro against the dollar overseas on fresh fears over the European debt crisis after Greece announced a referendum on its latest bailout deal, besides and a lower opening in the domestic stock market, put pressure on the rupee.
Meanwhile, the BSE Sensex Index fell by 92.09 points, or 0.53%, to 17,388.74 in opening trade today.
