Mumbai, February 15: Snapping its two-day-long gaining string, the rupee today declined by three paise against the US currency to close at 45.52/53 following fresh dollar demand from importers despite rise in local equities amid a weak greenback overseas.
Forex dealers attributed the initial surge in the rupee value to sustained dollar selling by exporters and some banks on the back of weakness in dollar overseas. However, fresh dollar demand from importers and some banks later put pressure on the rupee.
In a see-saw trade, the Bombay Stock Exchange benchmark Sensex today completed its three-session rally, ending up by 71.60 points or 0.39 per cent, cushioning the rupee fall.
Fresh capital inflows were also not able to help the rupee as Foreign Institutional Investors (FIIs) injected USD 50.19 million on February 14.
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