Increased demand for the dollar from importers too put pressure on the rupee. Dealers attributed the rupee fall to dollar gains against the euro overseas but a higher opening in the domestic stock market limited the fall.

The Sensex rose 129.36 points, or 0.61 percent, to trade at record high of 21,293.88 points in the morning trade, surpassing previous intra-day high of 21,206.77 reached on January 10, 2008.

The rupee had lost 27 paise to close at Rs 61.50 against the dollar in Thursday's trade on heavy month-end demand from importers for the US currency, which strengthened overseas after the Federal Reserve indicated it may taper its stimulus programme earlier than expected.


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