The rupee erased its early loss against the dollar this morning and was up marginally by 2 paise at 55.65 due to mild selling of the American currency amid its weakening against other currencies in the overseas forex markets.
The rupee resumed slightly lower at 55.69 a dollar as against the last closing level of 55.67 at the Interbank Foreign Exchange (Forex) Market. It moved between 55.60 and 55.70 a dollar before quoting at 55.65 at 1040 hrs.
In New York market, the dollar declined yesterday after European Central Bank President Mario Draghi cancelled a planned appearance at the Federal Reserve's high-profile economic forum.
Meanwhile, the BSE 30-stock index, Sensex, was trading with a loss of 73 points, or 0.44%, over yesterday's close.