Rupee falls 16 paise to 61.91 on dollar appreciation overseas

The rupee depreciated by 16 paise to 61.91 against the Greenback in early trade on Thursday at the Interbank Foreign Exchange (Forex) market due to appreciation of the US dollar overseas.

Forex dealers attributed the rupee's fall to the American unit's gains against other currencies overseass and a lower opening in the domestic equity market.

The domestic unit had closed eight paise lower, at 61.75 against the dollar on Wednesday on fresh demand for the US currency from banks amid fall in stock markets.

Meanwhile, the benchmark Bombay Stock Exchange (BSE) index Sensex was down by 58.23 points (or 0.20 per cent), at 28,824.88 in early trade on Thursday.