Forex dealers said though increased demand for US currency from importers and dollar's gain against other currencies overseas put pressure on the rupee but a higher opening in the domestic equity market capped the losses.

On Wednesday, rupee ended two paise lower at 60.96 against US currency on the sustained dollar demand from importers and weakness in local equities.

Meanwhile, the benchmark BSE Sensex recovered by 69.51 points, or 0.25 percent, to 26,814.20 in early trade on Thursday.

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