Rupee extends losses; falls to near 5-month low

Mumbai: The rupee fell to 61.43/44, its lowest since March 14 and weaker than its 60.8450/8550 close on Tuesday.

The BSE Sensex and Nifty provisionally closed about 1 per cent lower each. Heavy dollar buying by foreign banks aided sentiment for the pair, dealers said. Most Asian currencies also ended weaker versus the dollar.