Mumbai: The Indian rupee depreciated by 7 paise to 46.60 a dollar in early trade at the Interbank Foreign Exchange market on Thursday, largely on month-end dollar demand from importers and capital outflows by foreign funds.
However, dollar's weakness against other currencies capped rupee's losses.
The rupee had risen sharply by 22 paise to close at one-month high of 46.53/54 a dollar in the previous session.
Forex dealers said month-end demand from importers for the US dollar and the weak opening in the stock markets put pressure on the Indian rupee, but firm Asian currencies against the dollar, restricted the losses.
Meanwhile, the Bombay Stock Exchange benchmark index, Sensex fell by 78.85 points or 0.43 per cent to 17,913.15 points in the opening trade on Thursday.
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