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The rupee pared its early gains and was trading a tad weak at 67.06 due to mild dollar demand from importers and a weak domestic equity market.
But the dollar’s weakness against other currencies overseas capped the rupee's losses.
The rupee opened strong at 67.01 against the previous close of 67.05 at the Interbank Foreign Exchange market today. It hovered in a range of 67.06 and 66.98 before quoting at 67.06, down 1 paise at 4.40 pm local time.
In the overseas market, the dollar edged down and global shares slipped to a two-week low on Friday as investors turned cautious before a keynote speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for US interest rates.
The BSE index ended down 53.66 points or 0.19 per cent at 27,782.25, posting a fall of 1 per cent for the week, its worst weekly performance since the week ended on May 6.
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