The rupee had lost six paise to close at 61.52 against the dollar in Monday's range-bound session in line with a fall in local equities. Dealers attributed the rupee fall to a cautious approach adopted by participants ahead of the RBI's second quarter monetary policy review on Tuesday. Dollar's strength against other currencies overseas also weighed on the Indian unit, they said.

Besides, a lower opening in the domestic equity market too weighed on the rupee, they said. Meanwhile, the BSE benchmark Sensex fell by 38.50 points, or 0.19 percent, to trade at 20,531.78 in morning trade on Tuesday.


Latest News  from Business News Desk