The rupee depreciated by 17 paise to end at nearly one-month low of 61.72 against the greenback on Friday on sustained dollar demand even as domestic equities surged to new highs.
Traders said besides selling of the American currency by exporters and banks, continued foreign fund inflows helped the local currency to strengthen, but the dollar’s gains against rivals overseas and a lower opening in the domestic equity market capped the rupee’s rise.
Meanwhile, the benchmark BSE Sensex fell 44.51 points, or 0.16 per cent, to 28,002.15 in early trade today.