The rupee was trading a tad weak at 61.41 against the dollar at 4.03 p.m. local time due to dollar's firmness against other currencies overseas.
Increased selling of the American currency by banks and exporters amid sustained foreign capital inflows following a slew of reforms announced by the government supported the rupee but the dollar’s firmness against other currencies overseas capped the gains, dealers said.
After opening strong by eight paise at 61.37 in early trade, the domestic unit hovered in the range of 61.33 and 61.43 in the afternoon trade.
The rupee depreciated by 10 paise to close at a two-week low of 61.45 against the greenback yesterday after the US Federal Reserve kept in place its plans to maintain record low interest rate for some more time.