Rupee down 37 paise against US$

The Indian rupee fell by 37 paise against the greenback in early trade on heavy dollar buying by banks and pick-up in demand from importers amid weak Asian equity markets.

The Indian rupee on Wednesday fell by 37 paise against the greenback in early trade on heavy dollar buying by banks and pick-up in demand from importers amid weak Asian equity markets.

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At the Interbank Foreign Exchange (forex) market, the domestic unit, which plunged 73 paise on Tuesday, depreciated by another 37 paise at 48.48 against the US currency.

Meanwhile, the Indian benchmark BSE Sensex closed over 696.47 points, or 6.61 per cent down on Tuesday.