Today the Indian rupee peeled out its first loss to conclude smooth at 46.76/77 next to the US dollar between late renewals in domestic stocks on the reverse of foreign capital inflows.

The Foreign exchange dealers endorsed the premature loss in the rupee worth to unrelenting stipulation for dollars from the banks in thought of the instant hike in the New York market.

However the sustained buying by the foreign funds in stock market back the rupee in the anon part of the day, supporting it to eradicate the losses.

The local currency unbolted at a lower level of 46.90/91 per dollar next to yesterday's close of 46.77/78 a dollar trailing initial flaw in the stocks at the Interbank Foreign Exchange.

It stroked a squat of 46.95 in afternoon trail as the BSE yardstick Sensex dived by 81 points trailing at the IT bellwether Infosys Technologies dissatisfactory first quarter results.

The stocks recovered towards the finish line of trade on great buying sustain in realty and refinery counteracts, that aided the rupee rub out its losses.