Rupee down 9 paise against USD in early trade

Mumbai, Apr 23 (PTI) The Indian rupee today depreciatedby nine paise to 50.43 against the US currency in early tradeon account of heavy capital outflows by funds and increasedmonth-end dollar demand from importers and refiners. At the Interbank Foreign Exchange market, the local unit,which had snapped its four-day losing streak yesterday andgained 11 paise to 50.34 against the greenback, fell again to50.43 a dollar. Meanwhile, the benchmark Sensex yesterday dropped by80.57 points or 0.74 per cent due to profit-booking at higherlevels. PTI