The rupee resumed lower at 61.52 per dollar as against the last closing level of 61.32 at the Interbank Foreign Exchange (Forex) Market and dropped further to 61.55 on initial strong demand from banks and importers in view of firm dollar in the overseas market.
However, it trimmed its initial losses and was quoted at 61.40 per dollar at 1000hrs in view of good foreign capital inflows into equity market.
It moved in a range of 61.55-61.39 per dollar during the morning trade.
Meanwhile, the Indian benchmark sensex moved up further by 46.96 points or 0.17 per cent to 27,145.13 at 1000hrs.