The Indian rupee today fell by 8 paise to 48.23 against the US currency in early trade after a three-session rising streak. The dollar's rise against other currencies also put pressure on the Indian rupee. At the Interbank Foreign Exchange (Forex) market, the domestic unit traded 8 paise down at 48.23 a dollar. On Thursday, the rupee had ended 8 paise higher at 48.15 against the US currency.