Increased month-end demand for the dollar from importers also put pressure on the rupee but a higher opening in the domestic equity market capped the fall, forex dealers said. The rupee had gained 21 paise to close at 61.31 against the dollar in Tuesday's trade after the RBI hiked a key interest rate to curb price rise and enhanced liquidity for banks.

Meanwhile, the BSE benchmark Sensex regained 21,000 level by rising 100.25 points, or 0.48 percent, at 21,029.26 in morning trade on Wednesday.

(Agencies)

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