Rupee slips by two paise against dollar in early trade

The rupee on Friday depreciated by two paise against the US currency in early trade following weak stock markets and mild dollar demand from importers.

At the Interbank Foreign Exchange (Forex) market, the domestic unit traded lower by two paise at 46.37 a dollar.

Dealers said that weakness in equity markets and some dollar demand by importers weighed on the rupee sentiment. The US currency firmed up against other major global currencies which also influenced the trading sentiment.