Forex dealers said though increased demand for US currency from importers put pressure on the rupee but a higher opening in the domestic equity market and the dollar's weakness against other currencies overseas, capped the losses.
On Tuesday, the rupee strengthened by seven paise to close at 60.13 against the US currency on the back of a sharp rise in local equities, following a drop in global crude oil prices.
Meanwhile, the benchmark BSE Sensex rose 58.90 points, or 0.23 percent, to 25,427.80 in early trade on Wednesday.


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