Re down by 2 paise against $ in opening trade

The Indian rupee depreciated marginally by 2 paise to Rs 44.39 a dollar in the opening trade today, largely in tandem with dollar's recovery against other currencies.

However, FII inflows capped its losses.The domestic unit had ended 16 paise lower at Rs 44.37/38 a dollar in the previous session at the Interbank Foreign Exchange market.

Forex dealers said that the dollar's gain overseas weighed down the rupee sentiment.

Meanwhile, the Bombay Stock Exchange index Sensex recovered by 69.82 points to 20,922.20 in the opening trade today.