A spurt in dollar demand from importers amid sustained foreign fund outflows weighed on rupee.
Higher opening in domestic equity market capped rupee losses.
Mumbai: The rupee dropped by 15 paise to 64.89 against the US currency in early trade on Tuesday, breaking its six-day winning streak.
A spurt in dollar demand from importers amid sustained foreign fund outflows weighed on the rupee.
Dealers said the dollar's gains against some other currencies overseas also impacted the domestic currency.
On Tuesday, the rupee had ended at more than three-week high of 64.74 a dollar, surging by 19 paise helped by extremely bullish macro indicators.
The benchmark BSE Sensex rose further by 20.77 points, or 0.06 per cent, to 32,654.41 in early trade on Tuesday.
( Source : PTI )
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