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The rupee weakened to 68.02 as the dollar rebounded on Wednesday after falling for five days in a row against its currency basket, as investors eyed a speech by the head of the Federal Reserve later in the day and US inflation data for clues on the path of interest rates.
The dollar index, which measures it against a basket of six major peers, stood at 100.56, up 0.2 per cent, after falling to 100.26 on Tuesday, its lowest since December 8.
According to forex dealers, the rupee advanced 2 paise to 67.93 against the previous close of 67.95 in early session on increased selling of the American currency by exporters and banks. However, the dollar’s recovery against some currencies overseas restricted the rupee’s upmove.
It hovered in a range of 68.02 and 67.89 before quoting at 68.01, down 6 paise at 3.30 pm local time.
Meanwhile, the benchmark BSE Sensex ended the session higher by 21.98 points or 0.08 per cent at 27,257.64.
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