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The rupee was trading weak at 67.01 in the evening session on increased dollar demand from banks and importers.
Moreover, the US dollar’s gains against some currencies overseas have put the rupee on the backfoot, forex dealers said.
The rupee opened weak by 14 paise at 66.95 against the previous close of 66.81 at the Interbank Foreign Exchange market today. It hovered in a range of 67.06 and 66.90 before quoting at 67.01, down 20 paise at 4 pm local time.
In the overseas market, the dollar inched higher on Friday but was set for a more than 1 per cent loss against all its major peers on the week, weighed down by investors’ lack of belief in the chances of a rise in US interest rates this year.
Meanwhile, the 30-share BSE index Sensex ended the session down by 46.44 points or 0.17 per cent at 28,077 due to hawkish comments from some US Federal Reserve officials.
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