Rupee turns weak; down 23 paise against dollar

However, a higher opening in the stock market capped the losses, traders said.

The rupee had shot up by a massive 105 paise to close at a nearly six-week high of 54.38 against the US currency yesterday on increased capital inflows and offloading of dollars by banks and exporters.

Meanwhile, the BSE benchmark Sensex rose by 92.15 points, or 0.53 per cent, at 17,517.86.