Forex dealers said besides continued demand for the American currency from importers, increased capital outflows by foreign funds also kept pressure on the rupee.
The domestic currency had lost 65 paise to close at nearly 11-month low of 62.94 against the US dollar in yesterday's trade following heavy dollar demand from importers.
Meanwhile, the BSE benchmark Sensex declined by 273.05 points, or 1.00 per cent, to 27,046.51.
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