Forex dealers said increased demand for the US currency from importers and dollar’s gains against other currencies overseas put pressure on the rupee.
They said, however, a higher opening in the domestic equity market capped the rupee losses.
Yesterday, the rupee had ended 3 paise higher at 68.18 against the American currency in a range bound trade amid weak dollar overseas.
Meanwhile, the benchmark BSE Sensex recaptured the 27,000-mark by surging 151.01 points, or 0.56 per cent, to 27,050.57 in the opening trade today.
PTI