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The rupee was trading weak at 67.93 in the evening session due to strengthening of dollar against other currencies overseas and increased demand for dollar from importers.
Forex dealers said increased demand for the US currency from importers and dollar’s gains against other currencies overseas had put pressure on the rupee.
The rupee opened weak by 20 paise to 67.84 against the previous close of 67.64 at the Interbank Foreign Exchange market today. Later, it slipped to 67.95 before being quoted at 67.93, down 29 paise at 4.40 pm local time.
The domestic unit hovered in a range of 67.95 and 67.77 in the evening trade.
In the overseas markets, the dollar extended its post-payrolls gains on Monday in a sluggish start to the week with the Lunar New Year holidays and the Super Bowl game all but guaranteeing a tepid session in Asia.
The dollar index ticked up 0.1 per cent to 97.144, after having climbed 0.6 per cent on Friday thanks to an upbeat non-farm payrolls report.
Meanwhile, the benchmark BSE Sensex ended down by 329.55 points or 1.34 per cent at 24,287.42.
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