The rupee weakened 14 paise to 63.72 against the US dollar in early trade at the Interbank Foreign Exchange market today due to fresh demand for the American currency from banks and importers.

According to forex dealers, the US dollar’s gains against some currencies overseas on strong jobs data put the rupee on backfoot. However, a firm domestic equity market capped the rupee’s losses.

The rupee had strengthened by 11 paise to end at a fresh two-year high of 63.58 against the US currency on Friday even as panic dollar unwinding continued.

Meanwhile, the benchmark BSE Sensex rose further by 61.11 points or 0.18 per cent to 32,386.52 in early trade.