Mumbai: The rupee was trading weak by 5 paise at 61.55 against the dollar at 10.50 a.m. local time. The domestic unit opened weak by 10 paise against the previous close of 61.50 against the dollar at the Interbank Foreign Exchange market on the back of dollar demand from importers.
Forex dealers attributed the rupee’s weakness to increased demand for the US currency from importers and its strength against some other currencies overseas but a higher opening in the domestic equity market limited the fall.
The rupee had gained 12 paise to close at 61.50 against the dollar in yesterday’s trade on fresh selling of the US currency by banks and exporters on the back of strong capital inflows.
Meanwhile, the benchmark BSE Sensex rose 76.16 points or 0.27 per cent to 27,950.89 in early trade.
Bureau Report
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