The rupee plunged by another 24 paise to hit a new one-month low of Rs 63.15 against the dollar in early trade today at the Interbank Foreign Exchange due to sustained demand for dollars from importers and bankers.
Dealers said a lower opening in the domestic equity markets also weighed on the Indian currency.
They attributed the rupee's fall to dollar gains against other currencies overseas.
The rupee had logged its biggest fall of the year yesterday by plunging 55 paise to close at over one-month low of 62.91 against the greenback.
Meanwhile, the BSE benchmark Sensex fell by 103.90 points, or 0.37 per cent, at 27,782.31 in early trade today.
