The rupee was trading weak at 64.14 on fresh demand for the greenback from banks and importers despite its weakness in the overseas market.

The rupee resumed higher at 64.03 per dollar against yesterday’s closing level of 64.11 at the Interbank Foreign Exchange (Forex) market and firmed up further to 63.97 on initial selling of dollar.

However, it washed out its initial gains and dropped to 64.17 on fresh dollar demand from banks and importers before quoting at 64.14, down 3 paise at 4.30 pm local time.

The domestic currrency hovered in a range of 63.97 and 64.17 per dollar during afternoon trade.

The dollar only held its gains against the Japanese yen on Thursday after US President Donald Trump's tax plan offered no surprises, slowing the greenback's rally.

The dollar index against a basket of major currencies slipped 0.2 per cent to 98.841 after rising as far as 99.332 the previous day.

Meanwhile, the benchmark BSE index ended 103.61 points or 0.34 per cent lower at 30,029.74.