Rupee down by 31 paise against dollar in early trade

The rupee today lost 31 paise to trade at fresh four-and-a-half-month low of Rs 53.72 against the US dollar in early trade on the Interbank Foreign Exchange market due to increased demand for the American currency from importers.
Dealers attributed the rupee's fall to a lower opening in the stock market and strong demand for the American currency from importers.

From: http://ping.fm/idjvN