Rupee declines by 20 paise to 83.33 against dollar in early trade

The rupee declined 20 paise to 83.33 against the US dollar on Friday due to a stronger greenback in the global markets and dollar buying by importers.

At the interbank foreign exchange market, the local unit opened lower at 83.28 against the previous close of 83.13 to a dollar. The unit moved in a range of 83.23 to 83.33 in morning deals.

The local unit was trading at 83.33 against the dollar at 9.30 am, down by 20 paise from its previous close of 83.13.