Mumbai: The rupee fell by 16 paise to 61.91 against the dollar in early trade Thursday at the Interbank Foreign Exchange due to appreciation of the US currency overseas.
Forex dealers attributed the domestic currency's fall to the dollar's gains against other global currencies and a lower opening in the domestic equity market.
The rupee had closed down by eight paise at 61.75 per dollar yesterday on fresh demand for the US currency from banks amid fall in stock markets.
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