The Indian rupee turned weak after a promising start and ruled steady against the US dollar in the morning trade today amid mild demand for American currency and strong equity markets.     

Also Read   Related Stories News Now - Re rises 7 paise to 48.59/$ in opening trade - Re steady after strong start - Re rises 12 paise to 48.51/$ in early trade - Re gains another 26 paise against $ - Re rises by 22 paise to 48.74/$ in early trade - Re stronger by another 32 paise against $   Also Read   Related Stories News Now - Sensex near day's high - No headway in BHEL disinvestment: Vilasrao - Govt to consider import duty cut on hybrid vehicles - Toyota mulls engine, transmission plant in India - Kalyan refuses comment on Liberhan report More

In lacklustre activity at the Interbank Foreign Exchange (forex) market, the domestic currency resumed higher at 48.60/61 a dollar against its last close of 48.66/68 a dollar but later came under pressure and was quoted at 48.68/69 a dollar in late morning deals.

Forex dealers said the rupee pared early gains as some importers bought dollars in early trade.     

They shared  that the rupee was well supported by a surge in local stocks this morning.     

Indian benchmark Sensex was up more than 200 points or 1.4 per cent in early trade.

Other Stories      - Sensex near day's high - No headway in BHEL disinvestment: Vilasrao - Govt to consider import duty cut on hybrid vehicles - Toyota mulls engine, transmission plant in India - Kalyan refuses comment on Liberhan report More

Tags : rupee | dollar | forex | exchange rate   Read Business news in  Advertisements   Get financial advisory and solutions for your projects   Holidays starting at a delightful EMI of Rs 3481   Switch on and say hello to Monday morning !   Your dream home can now be a reality.   Visit Fortis for a preventive health check-up & get a 20% discount.   Follow the ups and downs of your investments. Try our new Portfolio Tracker   Kolkata Dock \ Freight contract for the British Gurkhas Nepal   Find how Midsize Businesses use ERP to gain competitive advantage   Trading in Forex is now as easy as 1-2-3   Discover an economical and cost effective way to market your products and services   Giftwithlove.com: Same day delivery of Flowers and Cakes to India   Download the E-book on the Future of Business Intelligence   Learn Best Practices for improving customer satisfaction   Know your customers better... download the free e-book on CRM