Rupee trims losses against dollar; still trading 2 paise down

The rupee trimmed its initial losses against the American currency but was still trading down by 2 paise to 59.80 in late morning deals on bouts of dollar demand from importers.
Earlier, the rupee resumed higher at 59.92 per dollar as against the last closing level of 59.78 at the Interbank Foreign Exchange market.
It trimmed the losses to trade at 59.80 per dollar in late morning deals.
The local currency moved in a range of 59.93 and 59.80 per dollar.
In New York, the dollar was little changed in local trading against major rivals late yesterday following better-than-expected US jobs report last week.

Meanwhile, the benchmark 30-share index Sensex was trading higher by 22.58 points, or 0.09 per cent, to 25,604.69 at 1030 hours.