Forex dealers said besides dollar's gains overseas, increased demand from oil importers for the American currency mainly influenced the rupee, but a higher opening in the stock market capped the losses.
The rupee had lost 15 paise to close at a five-week low of 62.31 against the dollar in yesterday's trade.
Meanwhile, the benchmark BSE Sensex recovered by 75.73 points, or 0.36 per cent, to 20,863.03.
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