The rupee lost 7 paise to 61.01 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange market due to increased demand for the U.S. currency from importers.
Forex dealers attributed the rupee’s fall to increased demand for the U.S. currency from importers but dollar’s weakness against other units and higher opening in the domestic equity market capped the fall to some extent.
The rupee on Tuesday depreciated by 12 paise to close at one-week low of 60.94 against the greenback on month-end dollar demand from importers and steep fall in local equities. Meanwhile, the benchmark BSE Sensex rose by 50.79 points, or 0.18 per cent, to 26,826.48 in early trade on Wednesday.
