The Indian rupee fell 23 paise to 59.89 against the US dollar in late morning trade on Wednesday, on month-end dollar demand from importers, coupled with firm global cues.
The domestic currency resumed lower at 59.74 per dollar against the last closing level of 59.66 per dollar at the Interbank Foreign Exchange (Forex) Market and dropped further to 59.89 per dollar at 10.40 am.
It hovered in a range of 59.72-59.90 a dollar during the morning deals.
Forex dealers said persistent capital outflows from foreign funds also affected the rupee value against the dollar.
In the global market, the US dollar gained for the sixth day, supported by data underscoring the Federal Reserves view of an improving economy and a likely slowdown in monetary stimulus.
Meanwhile, the BSE Sensex was trading 14 points lower at 18,614.35 in late morning trade.
