The Indian rupee declined by 17 paise to 53.24 paise per US dollar in early trade on the Interbank Foreign Exchange today on the back of increased demand for the American currency from importers.Dealers said apart from dollar gains against the euro, increased demand for the American currency from importers mainly weighed on the rupee sentiment.In volatile trade, the rupee had lost 10 paise to close at a nearly two-week low of 53.07/08 against the dollar inyesterday's trade .