The rupee was trading weak at 64.92 against the US dollar due to fresh demand for the greenback from importers and banks. Also, foreign capital outflows and a weak equity market weighed on the domestic unit.
However, the dollar’s weakness against select currencies on lingering worries of a global trade war limited the rupee’s fall. The domestic unit fell 9 paise to 64.92 in early trade. It hovered in a range of 64.96 and 64.91 before quoting at 64.92, down 9 paise at 10.30 am local time.
Yesterday, it had ended higher by 6 paise at 64.83 against the dollar as the American unit weakened against major currencies following US inflation data and Secretary of State Rex Tillerson’s exit.
Meanwhile, the benchmark BSE Sensex was trading lower by 4.66 points or 0.01 per cent at 33,831.08.