The rupee fell 17 paise to 64.29 against the US dollar in early trade today due to increased demand for the American currency from importers amid foreign fund outflows.
According to the Forex dealers, "dollar strengthening against other currencies overseas on strong US sales data weighed on the rupee sentiment."
On Tuesday, the market remained closed on account of Independence Day.
However, the benchmark BSE Sensex increased by 153.61 pts, in early trade.
ALSO READ:
Ashwani Gujral: Sell Aban Offshore, BoB, Union Bank
Sudarshan Sukhani says Buy Adani Ports, Ashok Leyland, HPCL, Bata; short Idea Cellular