The dollar got off to a flying start in early trade hitting its highest in nearly a week.
Mumbai: The Indian rupee slipped 32 paise in the early trade at 62.90 per dollar versus 62.58 Wednesday.
Himanshu Arora, Religare said, "Dollar-rupee pair is expected to trade higher in Thursday's session amid weakness in equities and fresh month-end dollar demand from oil companies."
"Further expectations of tapering by Fed may also keep rupee under pressure. The range for the day is seen between 62.38-62.88/USD," he added.
The dollar got off to a flying start in early trade, hitting its highest in nearly a week against a basket of major currencies after the euro was downed by talk of more European central bank policy easing.
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