<p>The rupee trimmed its initial losses but was still quoted down by 5 paise at 61.59 per dollar in late morning deals today amid demand for the green currency on the back of higher dollar overseas.<br /><br /></p>.<p>The rupee resumed lower at 61.65 per dollar as against the last weekend's level of 61.54 at the Interbank Foreign Exchange Market (Forex) market.<br /><br />It hovered in a range of 61.57-61.66 before quoting at Rs 61.59 per dollar at 1045 hours.<br /><br />Initially, the rupee declined on good dollar demand from banks but trimmed its initial losses on hopes of more foreign capital inflows following recovery in the equity market.<br /><br />In New York, the US dollar gained against most rivals on last Friday, as a week of data reassured investors that December's dismal employment report wasn't indicative of a broader shift in the economy.<br /><br />Meanwhile, the Indian benchmark BSE-30 share index Sensex rose by 134.82 points or 0.64 per cent to 21,198.44 at 1045 hours. </p>
<p>The rupee trimmed its initial losses but was still quoted down by 5 paise at 61.59 per dollar in late morning deals today amid demand for the green currency on the back of higher dollar overseas.<br /><br /></p>.<p>The rupee resumed lower at 61.65 per dollar as against the last weekend's level of 61.54 at the Interbank Foreign Exchange Market (Forex) market.<br /><br />It hovered in a range of 61.57-61.66 before quoting at Rs 61.59 per dollar at 1045 hours.<br /><br />Initially, the rupee declined on good dollar demand from banks but trimmed its initial losses on hopes of more foreign capital inflows following recovery in the equity market.<br /><br />In New York, the US dollar gained against most rivals on last Friday, as a week of data reassured investors that December's dismal employment report wasn't indicative of a broader shift in the economy.<br /><br />Meanwhile, the Indian benchmark BSE-30 share index Sensex rose by 134.82 points or 0.64 per cent to 21,198.44 at 1045 hours. </p>