Mumbai, September 23: Snapping a six-session winning rally, the rupee today depreciated by seven paise to close at 45.65/66 against the US currency on dollar demand from importers amid weak equity markets.
Good month-end dollar demand from importers, mainly from oil refiners, weighed on the rupee, dealers said.
The Indian benchmark Sensex was down by about 170 points in late afternoon deals, which also put pressure on the rupee.
The Sensex later recovered half of its early losses and ended down by nearly 81 points.
The fall in the rupee was capped by sustained heavy capital inflows as foreign institutional investors (FIIs) pumped in nearly USD 4.4 billion in the current month so far, a dealer said.
In last six straight trading sessions, the rupee had garnered 0.86 paise or 1.85 per cent.
Global crude oil was trading around USD 74 in London today.
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–Agencies