The Bombay Stock Exchange benchmark sensex fell by 126.42 points, or 0.69 per cent, to 18,005.82 in opening trade on Thursday.
The rupee depreciated by 7 paise to Rs 44.84 against the US dollar in early trade on the Interbank Foreign Exchange on Thursday, tracking dollar gains against the euro and other currencies overseas and a lower opening in the equity market.
Forex dealers said dollar strength against the euro and Asian currencies overseas and a weak start in the stock market mainly put pressure on the rupee.
The rupee ended 4 paise lower at Rs 44.77/78 against the US currency in yesterday's trade on fresh demand from banks and importers.
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