The rupee weakened by 5 paise to 66.27 against the dollar at the Interbank Foreign Exchange (forex) Market on Thursday on fresh demand for the American currency from importers and banks.
Dealers attributed the rupee's fall to increased demand for the US currency. However, a higher opening in the domestic equity market capped the losses.
The rupee had advanced by 33 paise to close at 66.22 in Wednesday's trade on sustained selling of US dollars by banks and exporters in view of weaker American currency in the overseas market.
Meanwhile, the benchmark Bombay Stock Exchange (BSE) Sensex reclaimed the crucial 26,000-level by gaining 219.02 points or 0.85% to 26,063.20 in early trade.
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Indian Rupee today: Currency rises 7 paise to 71.21 against US dollar in early trade
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