The rupee depreciated 7 paise to 66.73 against the US dollar on fresh demand for the greenback from importers and banks ahead of US Federal Reserve's two-day policy meet outcome.
Dealers attributed the rupee's fall to fresh demand for the US dollar and sustained foreign fund outflows.
On Friday, the rupee had gained 9 paise to close at 66.66 on dollar-selling by exporters and a stellar rally in local equities.
Forex market remained closed on Monday and Tuesday on account of 'Buddha Purnima' and 'Maharashtra Day', respectively.
Dealers attributed the rupee's fall to fresh demand for the US dollar and sustained foreign fund outflows.
On Friday, the rupee had gained 9 paise to close at 66.66 on dollar-selling by exporters and a stellar rally in local equities.
Forex market remained closed on Monday and Tuesday on account of 'Buddha Purnima' and 'Maharashtra Day', respectively.
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