The rupee pared its initial losses and was trading flat at 64.43 in pre-noon deals following sustained bout of dollar demand from banks and importers.

Earlier, the rupee resumed lower by 5 paise to 64.48 against yesterday’s closing level of 64.43 per dollar at the Interbank Foreign Exchange (Forex) market today.

The domestic unit hovered in a range of 64.51 and 64.38 during the morning deals before quoting at 64.43 at 11.35 am local time.

The dollar index was trading up 0.14 per cent at 96.66 against a basket of six currencies in the global market.

Overseas, the dollar was near a six-week low against the safe-haven yen, with traders cautious ahead of Britain’s general election, a European Central Bank policy decision and testimony by former FBI Director James Comey.

The greenback was trading at 109.490 against the yen, not far from 109.225, its lowest since April 21.

Meanwhile, the benchmark BSE Sensex was trading up by 132.29 points or 0.42 per cent at 31,322.85.