<p>Falling for the fourth day in a row, the rupee declined by 20 paise to hit one-year low of 56.58 against the dollar in early trade today at the Interbank Foreign Exchange on increased demand for the American currency from importers.<br /><br /></p>.<p>Besides, a weak opening in the local equity market put pressure on the rupee but the euro's gain against the dollar, capped the losses, traders said.<br /><br />The rupee had lost 21 paise to end at new 10-month low of 56.38 against the dollar yesterday on fag-end spurt in dollar demand after RBI Governor D Subbarao painted a dim macroeconomic picture.<br /><br />Meanwhile, the BSE benchmark Sensex fell by 150.27 points, or 0.74 per cent, at 20,065.</p>
<p>Falling for the fourth day in a row, the rupee declined by 20 paise to hit one-year low of 56.58 against the dollar in early trade today at the Interbank Foreign Exchange on increased demand for the American currency from importers.<br /><br /></p>.<p>Besides, a weak opening in the local equity market put pressure on the rupee but the euro's gain against the dollar, capped the losses, traders said.<br /><br />The rupee had lost 21 paise to end at new 10-month low of 56.38 against the dollar yesterday on fag-end spurt in dollar demand after RBI Governor D Subbarao painted a dim macroeconomic picture.<br /><br />Meanwhile, the BSE benchmark Sensex fell by 150.27 points, or 0.74 per cent, at 20,065.</p>