The rupee depreciated by 5 paise to 65.06 against the dollar today after renewed demand for the US currency from importers.
The dollar made headway against the euro after Angela Merkel's attempts to form a new government for Europe's biggest economy collapsed, plunging Germany into a crisis. A subdued start at domestic stock markets cast its shadow, traders said.
On Friday, the rupee had bounced back in style to end at a one-week high of 65.01 after Moody's upgraded India's sovereign credit rating.
The benchmark BSE Sensex fell by 54.59 points, or 0.16 per cent, to 33,288.21 in early session today.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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