The Indian rupee lost ground against the U.S. dollar in afternoon deals on Tuesday, amid weak global cues, on mounting fears over a possible rate hike in the U.S. next month.

The rupee depreciated to 67.75 against the greenback, a level not seen since March 2. On the downside, 68.6 is likely seen as the next support level for the rupee. The pair was worth 67.52 when it ended yesterday's trading.

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