Forex dealers said increased demand for the dollar from importers also weighed on the local currency, but a higher opening in the domestic equity market limited rupee's fall.

The rupee had closed higher by 16 paise at 63.92 against the American currency in yesterday's trade on fresh selling of dollars by banks and exporters due to weakness of the greenback in the overseas market.

Meanwhile, the benchmark BSE Sensex rebounded 236.54 points, or 0.89 per cent, to 26,717.79 in early trade.

Latest News  from Business News Desk