Indian Rupee falls further against US dollar

Indian Rupee falls further against US dollar

NEW DELHI - The Indian rupee depreciated against the dollar in early trade Thursday on increased selling of the American currency by exporters.

At the interbank foreign exchange, after opening higher at 73.88 rupee strengthened further to quote at 73.84 against the dollar registering a recovery of 11 paise over its previous close.

The dollar's weakness against some currencies overseas and a better opening of domestic equities supported the rupee's recovery, traders said.