The rupee was trading weak by 19 paise at 62.35 against the dollar at 3.15 p.m. local time.
The rupee opened weak by 17 paise at 62.33 due to strong dollar and lower domestic and Asian equity market. The domestic unit had ended strong at 62.16 on Friday.
The rupee hovered in the range of 62.26-62.46 per dollar during the morning session.
The American currency has strengthened against overseas currencies on upbeat outlook by the US central bank.
Outgoing Federal Reserve Chairman Ben Bernanke has fuelled the expectations of more stimulus reduction highlighting the positive outlook on the US economy.
Further, the BSE-benchmark Sensex was trading down by 70 points (0.33 per cent) at 20,782 points in the morning trade at about 10 a.m. local time.
Till such time, the Indian rupee moved in the 62.32 to 62.46 per dollar range at the Interbank Foreign Exchange market.
Call rates and bonds
In the morning trade, the interbank call money rate, the rate at which banks borrow short-term money from each other, was trading higher at 7.85 per cent from the previous close of 7.65 per cent on Friday.
Amid less movement during the day, the yield on benchmark government security 8.83 per cent (maturing in 2023) was trading softer at 8.81 per cent from Friday’s close of 8.83 per cent. Prices were trading higher at Rs 100.10 from Rs 99.95 on Friday.
