Rupee falls for 4th day; down 16 paise against dollar

Mumbai: The rupee declined for fourth day in a row by losing 16 paise to Rs 52.88 per dollar in early trade on Wednesday, weighed down by dollar's gains overseas. Forex dealers said weakness in Asian currencies against the US dollar and demand for the greenback from importers put pressure on the rupee.

Meanwhile, the BSE benchmark Sensex fell by 127.22 points, or 0.68 per cent, to 18,666.14. The domestic unit had ended down by 8 paise at Rs 52.72 per dollar in the previous session on heavy dollar demand from importers.