Besides, increased demand for the dollar from importers and a lower opening in the domestic equity market weighed on the local currency, forex dealers said.
    
The rupee had lost 41 paise to close at 63.98 in Tuesday's trade on persistent dollar demand from banks and importers.
    
Meanwhile, the benchmark BSE Sensex fell 161.58 points, or 0.59 percent, to 27,369.83 in morning trade on Wednesday.

 

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