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The rupee was trading a tad weak at 64.16 due to mild dollar demand from banks and importers.
However, the dollar’s slide overseas amid concerns over renewed show of strength on the Korean Peninsula and a strong domestic equity market restricted the rupee's losses.
The domestic unit opened up by 3 paise at 64.12 at the Interbank Foreign Exchange market today. It hovered in a range of 64.19 and 64.04 before quoting at 64.16, down 1 paise at 4.20 pm local time.
On Friday, the rupee had retreated by 4 paise to end at 64.15 against the US dollar even as the greenback struggled to bounce back globally.
Meanwhile, the 30-share BSE index Sensex ended the session up by 205.06 points or 0.63 per cent at 32,514.94 and the 50-share NSE index Nifty closed higher by 62.6 points or 0.63 per cent at 10,077.10.
The dollar held near a 13-month low against a basket of currencies on Monday, weighed down by political uncertainty and increased short positions, but markets were wary of pushing it lower before data due later this week.
The dollar index, which tracks the US currency against a basket of six major rivals, rose 0.2 per cent to 93.450, trimming some losses after dropping 0.6 percent on Friday. It fell to its lowest level since June 2016 on Thursday
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