Rupee lost 8 paise to 61.81 against the U.S. dollar in early trade on Tuesday at the Interbank Foreign Exchange due to increased demand for the U.S. currency from importers.
Forex dealers attributed the rupee’s fall to increased demand for the dollar from importers but the euro’s strength against the U.S. currency and a higher opening in the domestic equity market capped the fall to some extent.
The rupee had depreciated by one paisa to close at 61.73 against the dollar in the previous session on alternate bouts of demand and supply amid rise in dollar value overseas.
Meanwhile, the benchmark BSE Sensex rose by 82.78 points, or 0.29 per cent, to trade at a new lifetime high of 28,260.66 in early trade, surpassing its previous record of 28,205.71 (intra-day) touched on Monday.
