Fresh demand for the dollar from importers also weighed on the local currency but a higher opening in the domestic equity market limited the rupee's losses, forex dealers said.
The rupee had inched up by one paisa against the American currency to end at 62.26 in Tuesday's trade. Meanwhile, the benchmark BSE Sensex recovered by 87.88 points, or 0.31 percent, at 28,249.60 in early trade on Wednesday.

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