Mumbai, India (BBN)-Indian rupee was trading a tad higher against the dollar in early trade at the Interbank Foreign Exchange market Wednesday.
The rupee had opened weaker at 68.17 and hit a low of 68.19 and a high of 68.13 before quoting at 68.14 at about 9.55 am, reports the PTI.
Month-end demand for the American currency from importers and banks kept the rupee under pressure.
The dollar was firm against major global currencies, which dampened rupee sentiment, but a higher opening of the domestic equity market capped the fall, dealers said.
Yesterday, the rupee made a modest recovery to end higher by 5 paisa at 68.15 against the American greenback in yet another day of extremely thin and lethargic trade.
Meanwhile, the benchmark BSE Sensex rose 105.92 points, or 0.38 per cent, to 27,481.50 in early trade.