The rupee on Monday slipped from its near one-month high to end lower by 5 paise at 67.11 against the US dollar on demand for the American currency from importers and banks.
At the inter-bank foreign exchange market, the rupee opened higher at 66.96 against the weekend close of 67.06 on sustained dollar selling by exporters and corporates.
Maintaining its strong undertone, it later touched a fresh one-month high of 66.84 before wiping out the gains due to bouts of dollar demand. After hitting a low of 67.17 in later afternoon deals, the rupee closed at 67.11, revealing a loss of 5 paise, or 0.07 per cent against the dollar.