Rupee down 11 paise against dollar

The rupee depreciated 11 paise to 66.47 against the dollar in early trade on Wednesday.India’s exports plunged 20.66 per cent in August to $21.26 billion, widening the trade deficit. The rupee had ended marginally lower three paise at 66.36 against the U.S. dollar in Tuesday’s trade on fresh demand for the American currency from banks and importers.Meanwhile, the Sensex surged 207.21 points, or 0.80 per cent, to 25,913.14 in early trade.