In early trade today the rupee devalued 18 paise to 65.05 against the US dollar.Dealers attributed the rupee's fall to fresh demand for the US currency and a lower opening in the domestic equity market.
The rupee had gained 16 paise to close at a fresh 17-month peak of 64.87 against the US dollar.
While, the benchmark BSE Sensex was trading lower by 121.94 points, or 0.40 percent, at 29,852.30
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