Rupee plunges 24 paise against dollar in early trade

The rupee again hit the 67-mark against the US dollar after plunging 24 paise in early trade on Monday on sustained demand for the American currency from importers and bankers amid a lower opening in the domestic equity market.

The dollar was firm against some global currencies which also weighed on the rupee, dealers said.

On Friday, the local currency ended 5 paise lower at 66.76 a dollar on persistent demand for the US dollar from banks and importers and weakness in equities.

Meanwhile, the benchmark Bombay Stock Exchange (BSE) Sensex fell by 263.24 points or 0.98% to 26,372.51 in early trade.