Mumbai: The rupee lost seven paise at 62.33 against the US dollar in early trade Wednesday at the Interbank Foreign Exchange due to appreciation of the American currency overseas.
Increased 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 shed seven paise to close at 62.26 against the dollar in yesterday's trade.
Meanwhile, the benchmark BSE Sensex rose by 137.56 points, or 0.48 per cent, at 28,654.15 in early trade today.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
