Rupee down 5 paise against dollar in morning trade

Forex dealers said besides dollar gains against other Asian currencies, a weak opening in the stock market amid foreign fund outflows put pressure on the rupee.

The rupee had lost nine paise to 53.28 against the US dollar in yesterday trade due to renewed dollar demand and firm global cues, amid weak local equities.

Meanwhile, the BSE benchmark Sensex declined by 88.49 points, or 0.44 per cent, to 19,662.70.