The rupee on Tuesday surrendered most of its early gains but eventually managed to end higher by three paise at 68.18 against the American currency in range-bound trade amid weak dollar overseas. Mild dollar selling by banks and exporters and a smart recovery in equities largely supported the domestic currency.
The domestic unit opened on a strong footing at 68.08 from Monday’s closing value of 68.21 at the Interbank Foreign Exchange (Forex) market. However, it witnessed high volatility towards end-of-day trade after moving erratically to close marginally higher at 68.18