The rupee fell by seven paise to 61.48 against the dollar in
early trade on Thursday at the Interbank Foreign Exchange due to appreciation
of the Greenback against other currencies overseas.
Dealers attributed the fall to the dollar's gains against
other currencies overseas and month-end demand from importers for the US
currency.
Besides, a lower opening in domestic equity market put
pressure on the rupee.
On Wednesday, the rupee closed unchanged against the US
dollar at 61.41 ahead of the outcome of the US Federal Reserve's policy
meeting.
Meanwhile, the benchmark BSE Sensex was down by 152.74 points,
or 0.51%, at 29,406.44 in early trade on Thursday.
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