Falling for the second day in a row, the rupee closed lower by 8 paise at 72.97 against the US currency on Wednesday amid a lacklustre trend in domestic equities.
At the interbank foreign exchange market, the rupee opened on a negative note at 72.90 per dollar as against its previous close of 72.89. It hovered in the range of 72.88 to 73.02 per dollar during the day before ending at 72.97. The domestic currency has lost 17 paise in the two trading sessions to Wednesday.
The local unit traded in a narrow range amid lack of any major data on Wednesday in the domestic and the international markets, traders said.