Mumbai, India (BBN) - Indian rupee was trading flat at 67.01 against the dollar due to dollar's strength against other currencies overseas amid a weak domestic equity market.
Forex dealers said increased demand for the US currency from importers and the greenback’s gains against other currencies overseas put pressure on the rupee, reports The Hindu Business Line quoting PTI.
The domestic unit opened weak at 67.03 at the Interbank Foreign Exchange market today.
It hovered in a range of and 66.98 before quoting at 67.01 at 10.25am, local time.
On Friday, the rupee had gained 6 paisa to end at 67.01 due to fag-end dollar selling by banks and exporters in view of weakness in the greenback overseas amid persistent rise in equities.
Meanwhile, the benchmark BSE Sensex was trading up by 23.91 points or 0.08 per cent at 28,492.66.
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