Rupee drags by 12 paise on month-end dollar demand

The rupee weakened by 12 paise to 65.09 against the dollar in early trade on Wednesday due to month-end demand for the US currency from importers.

Besides, the dollar's gain against other currencies overseas and a lower opening in the domestic equity market put pressure on the rupee, forex dealers said.

On Tuesday, the rupee ended barely steady at 64.97 per dollar at the Interbank Foreign Exchange market.

Meanwhile, the benchmark BSE Sensex dropped by 156.11 points, or 0.57%, to 27,097.33 in early trade.