The rupee depreciated by 12 paise to Rs 53.54 against the American currency in early trade today on the Interbank Foreign Exchange, weighed down by dollar's gains against euro and Asian currencies overseas.
Forex dealers said besides stronger dollar in the overseas markets on renewed eurozone worries, a weak opening in the stock market also put pressure on the domestic unit.
The rupee had ended higher by 42 paise at 53.42 against the dollar in the previous session after a series of measures by the Reserve Bank.
Meanwhile, the BSE benchmark Sensex declined by 73.99 points, or 0.45 per cent, at 16,346.06 in early trade.
Deccan Herald is on WhatsApp Channels| Join now for Breaking News & Editor's Picks