The rupee today weakened by 13 paise to trade at 58.76 in early trade at the Interbank Foreign Exchange market due to increased dollar demand from importers.
	A lower opening at the domestic equity market due to profit-booking, and dollar's gain against euro overseas also put pressure on the rupee, traders said.
	The rupee had retreated four paise from its 11-month high levels to close at 58.63 against the dollar yesterday on fresh demand for the US currency from importers, amid some profit- booking in stocks.
	Meanwhile, the BSE benchmark Sensex fell by 46.88 points, or 0.19 per cent, at 24,330.00.


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	The rupee is trading at 58.74/75 versus its close of 58.63/64 on Tuesday, as state-owned banks bought dollars on behalf of importers, while falls in local shares hurt.</div>
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	The market expects the USD/INR pair to consolidate around present levels while closely monitoring direction of foreign flows into local shares and debt.</div>
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	A trader with a brokerage expects USD/INR gains to be capped at 59.30 in the near term.</div>

Rupee falls as importers buy dollars

Fall in domestic shares also hurts

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