Good foreign capital inflows failed to restrict the rupee's fall against the dollar, a foerx dealer said.
The rupee opened lower at 67.19 as against the last Friday's closing level of 67.08 at the Interbank Foreign Exchange market and dropped further to 67.36 before ending at more than 2-week low at 67.35 per dollar.
The rupee had last ended at 67.37 on July 8, 2016.
The dollar index was trading down by 0.04 per cent in the late afternoon trade.
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Meanwhile, the RBI fixed the reference rate for the dollar at 67.2430 and euro at 73.7992.
In cross-currency trades, the rupee dropped against the pound sterling to close at 88.41 from 87.90 previously and fell against the the euro to settle at 73.97 compared to 73.91 previously.
The domestic currency also dropped against the Japanese yen to 63.38 per 100 yens from 63.22.
In overseas market, the dollar was buoyant against the
In the afternoon, the yen was almost flat against its rival currencies during Asian trade today, with investors reluctant to move aggressively ahead of the monetary policy meetings in the US and Japan later this week.
Investors are expected to largely sit on the sidelines before the Federal Open Market Committee on July 26-27 and the Bank of Japan's policy setting meeting on July 28-29.
In the forward market, premium for dollar eased further on sustained receivings from exporters.
Oil prices dipped today, extending last week's losses on fresh worries about a global supply glut as more US rigs come back online and the dollar strengthens.
US benchmark West Texas Intermediate was down six cents at USD 44.13 a barrel and Brent was also six cents lower at USD 45.63.
The benchmark Sensex rose by 292.10 points or 1.05 per cent to close at 28,095.34.