Weakness in other currencies against the dollar overseas, after US Fed indicating interest rates could rise earlier than expected as the jobs market picking up, also put pressure on the local unit, forex dealers said.

They said, however, a higher opening in the domestic equity market capped the rupee's losses.

The rupee had lost five paise to close at 60.12 against the dollar on Tuesday following sustained demand from importers.

Meanwhile, the benchmark BSE Sensex rose by 149.34 points, or 0.59 percent, to trade at 25,377.34.

(Agencies)

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