Mumbai, Apr 18 (PTI) The rupee weakened by another 14 paise, nearing a fresh seven-month low of 65.78, against the US dollar in early trade at the interbank forex market today on fresh demand for the greenback from importers and banks.

Dealers attributed the rupee's persistent fall to increased demand for the US currency from importers and foreign fund outflows.

Yesterday, the rupee had lost 15 paise to end at a near 7-month low of 65.64 against the US dollar amid persistent capital outflows and a fresh ripple of geopolitical tensions.

Concerns over oil prices, a global trade war threat, and the widening current account deficit have also weighed on the domestic unit.

Meanwhile, the benchmark BSE Sensex advanced by 110.13 points, or 0.32 per cent, to 34,505.19 in the opening trade today.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)