<p>The rupee weakened by 9 paise to trade at 62.02 against the dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the US currency from oil importers.<br /><br /></p>.<p>Forex dealers said fresh demand for the American currency ahead of the interim Budget for 2014-15 mainly put pressure on the rupee but a higher opening in the domestic equity market and the dollar's weakness against other currencies overseas, capped the rupee's fall.<br /><br />The rupee bounced back by 49 paise to close at a three-week high of 61.93 against the US dollar in the previous session on Friday, tracking a smart rise in stocks after wholesale inflation fell to an eight-month low.<br /><br />Meanwhile, the benchmark BSE Sensex rose by 102.92 points, or 0.50 per cent, to 20,469.74 in early trade today.</p>
<p>The rupee weakened by 9 paise to trade at 62.02 against the dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the US currency from oil importers.<br /><br /></p>.<p>Forex dealers said fresh demand for the American currency ahead of the interim Budget for 2014-15 mainly put pressure on the rupee but a higher opening in the domestic equity market and the dollar's weakness against other currencies overseas, capped the rupee's fall.<br /><br />The rupee bounced back by 49 paise to close at a three-week high of 61.93 against the US dollar in the previous session on Friday, tracking a smart rise in stocks after wholesale inflation fell to an eight-month low.<br /><br />Meanwhile, the benchmark BSE Sensex rose by 102.92 points, or 0.50 per cent, to 20,469.74 in early trade today.</p>