Mumbai: The rupee weakened 25 paise to 67.28 against the dollar in early trade following month-end demand for the American currency from importers and banks.
Forex dealers said the US dollar’s gain against other currencies overseas also gave the rupee the sinking feeling.
However, a higher opening of the domestic equity market capped the losses.
The rupee had appreciated 14 paise against the American currency to end at a one-week high of 67.03 on Friday on the back of robust dollar inflows in equities.
Meanwhile, the benchmark BSE Sensex rose further by 116.82 points, or 0.43 per cent, to 26,770.42 in early trade.