MUMBAI, FEB 5:
The rupee was trading weak by 13 paise at 61.88 against the dollar at 11.55 a.m. local time due to dollar's gains against other currencies overseas.
The rupee fell 16 paise to 61.91 against the dollar in early trade at the Interbank Foreign Exchange market today due to appreciation of the US currency overseas.
It hovered in the range of 61.81 and 62.00 in the late morning deals.
Forex dealers attributed the domestic currency’s fall to the dollar’s gains against other global currencies and a lower opening in the domestic equity market.
The rupee had closed down by eight paise at 61.75 per dollar yesterday on fresh demand for the US currency from banks amid fall in stock markets.
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