Mumbai, April 12: The rupee shed 5 paise to hit a fresh five-month low of 65.36 against the US dollar in early trade today following increased demand for the American currency from banks and importers. Investors are cautious ahead of consumer price inflation data due later in the day.

Moreover, the US dollar's gains against some currencies overseas, on surging crude oil prices and growing geopolitical uncertainties, weighed on the domestic unit, forex dealers said. However, a higher opening of the domestic equity market capped the rupee's fall.

The benchmark BSE Sensex regained 34k level rose by 62.38 points, or 0.18 percent, to 34,002.82 in the opening trade. Yesterday, the rupee had lost 32 paise to hit a fresh five-month low of 65.31 against the US dollar.

(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)