Mumbai: In line with equity market, the rupee ended steady against the American currency at 67.95 per dollar on alternate bouts of selling and buying of the greenback amid persistent concerns over the UK leaving the European Union.
The rupee opened lower at 68 per dollar against Friday's closing level of 67.96 at the Inter-bank Foreign Exchange (Forex) and dropped further to 68.08 per dollar on initial dollar demand from banks and importers on the back of higher dollar in the overseas market.
However, it recovered afterwards to 67.81 per dollar on selling of dollars by banks and exporters before finishing at 67.95 per dollar. The domestic unit hovered in a range of 68.08 and 67.81 during the day.
The dollar index was trading up 0.40 per cent against a basket of six currencies in the late afternoon trade. The RBI fixed the reference rate for the dollar at 67.90 and euro at 74.8801.
While, the domestic currency dropped further against the Japanese yen to 66.81 per 100 yens from 66.26.
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