The rupee on Tuesday lost 15 paise to 61.88 against the US dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the American unit against other currencies overseas.
The rupee had gained 39 paise to close at 61.73 against the dollar in Monday's trade.
Dealers attributed the rupee's fall to dollar gains against yen as expectations grow that the Fed will announce a cut in its stimulus programme after its two-day meeting, but a higher opening of the domestic equity market capped the losses.
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