Mumbai: Rupee on Tuesday lost eight paise at 54.81 against US Dollar in the early trade on Interbank Foreign Exchange market due to higher demand of the US currency from banks and importers.

Forex dealers said dollar strengthening against other currencies in the global market also puts pressure on the rupee.

The domestic currency had closed higher by seven paise at 54.73 on Monday in fresh Dollar selling by exporters and moderate FII inflows.

Meanwhile, the BSE benchmark Sensex recovered by 66.27 points or 0.33 per cent at 19,757.94 in the early trade on Tuesday.

(Agencies)

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