Mumbai: The rupee on Wednesday fell by 31 paise to 61.50 in early trade on the Interbank Foreign Exchange market even as the government announced additional measures to curb sliding domestic currency and the widening current account deficit.
Forex dealers said besides dollar's gain against other currencies overseas, increased demand for the American currency from importers put pressure on the rupee.
They said, however, a higher opening in the domestic equity market limited rupee's losses.
The rupee had closed 8 paise higher at 61.19 against the US dollar yesterday.
Meanwhile, the BSE benchmark Sensex rose by 84.14 points, or 0.43 percent, to 19,313.98 in early trade today.
First Published: Wednesday, August 14, 2013, 10:32