Forex dealers said besides dollar strengthening against other currencies overseas, fresh demand for the American unit from importers and a lower opening in the domestic equity market put pressure on the rupee.
The domestic currency had gained seven paise to end at two-month high of 63.44 against the greenback on Friday on sustained selling of dollars by banks and exporters amidst a soft US currency overseas.
Meanwhile, the benchmark BSE Sensex dipped below the 28,000-mark by plunging 315.21, or 1.12 per cent, to 27,777.58 in morning trade.



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