The rupee was trading weak at 65.55 on fresh demand for the greenback from banks and importers.

Dollar’s strength against other currencies overseas weighed, but a firm domestic equity market cushioned the impact.

The domestic unit opened weak by 8 paise at 65.49 at the Interbank Foreign Exchange market today. It hovered in a range of 65.65 and 65.47 before quoting at 65.55, down 11 paise at 3.15 pm local time.

The rupee had gained 28 paise to close at a fresh 16-month high of 65.41 yesterday after the US Fed stuck to its stance of a gradual approach on future rate hikes.

Meanwhile, the Sensex was trading up by 50.95 points or 0.17 per cent at 29,636.80.