The Indian rupee depreciated by 12 paise against the U.S. dollar in early trade on Wednesday, following the American currency’s gains overseas.

At the Interbank Foreign Exchange (Forex) market, the rupee fell by 12 paise to 45.50 a dollar. The rupee closed lower by 10 paise at 45.62/63 a dollar in the previous session.

Forex dealers said besides strong dollar overseas, demand from importers for the U.S. currency also weighed on the rupee sentiment.

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