Mumbai: Rupee on Friday lost 21 paise to 54.98 against Dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency against Euro overseas.

Increased demand for the dollar from importers also put pressure on the rupee.

Dealers attributed Rupee's fall to Dollar gains against Euro and Yen overseas but a higher opening in the domestic stock market capped the fall.

Rupee had closed just one paisa higher at 54.77 against dollar in Thursday’s trade.

Meanwhile, the BSE benchmark Sensex rose by 54.25 points, or 0.27 per cent, at 20,301.58 in early trade on Friday.

(Agencies)

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