The rupee fell by six paise at 62.32 against the dollar in early trade on Wednesday at the Inter bank Foreign Exchange due to appreciation of the US currency overseas.
Fresh demand for the dollar from importers also weighed on the local currency but a higher opening in the domestic equity market limited the rupee's losses, forex dealers said.
The rupee had inched up by one paisa against the American currency to end at 62.26 in Tuesday's trade.
Meanwhile, the benchmark Bombay Stock Exchange (BSE) Sensex recovered by 87.88 points, or 0.31 per cent, at 28,249.60 in early trade on Wednesday.
Fresh demand for the dollar from importers also weighed on the local currency but a higher opening in the domestic equity market limited the rupee's losses, forex dealers said.
The rupee had inched up by one paisa against the American currency to end at 62.26 in Tuesday's trade.
Meanwhile, the benchmark Bombay Stock Exchange (BSE) Sensex recovered by 87.88 points, or 0.31 per cent, at 28,249.60 in early trade on Wednesday.
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