The domestic currency had gained 13 paise to close at one-week high of 61.97 against the dollar on Tuesday.
Mumbai: Breaking a three-day winning run, the rupee on Wednesday lost 8 paise to 62.02 against the US dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency overseas.
Forex dealers said apart from month-end demand for the American currency from importers, dollar gaining against other currencies overseas also put pressure on the local unit, but a higher opening in the domestic equity market capped the fall.
The domestic currency had gained 13 paise to close at one-week high of 61.97 against the dollar on Tuesday amid positive stock markets and signs of continued capital inflows.
Meanwhile, the benchmark BSE Sensex was up 41.18 points, or 0.20 per cent, to 20,893.65 in early trade today.
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