The rupee resumed lower at 64.02 per USD as against the last closing level of 64.00 per USD at the Interbank Foreign Exchange (Forex) on initial dollar demand from banks and importers on the back of higher USD overseas.

However, it recovered immediately to 63.87 per USD before quoting at 63.94 per USD at 1045 hrs, showing a gain of six paise or 0.09 percent from its last close.

It had dropped by 30 paise or 0.47 percent in the last three days. The local currency hovered in a range of 63.87 per USD and 64.03 per USD during the morning trade.

In the global market, the USD rose against the euro yesterday, as investors braced for the US official jobs report, among jitters over Greece’s bailout talks and a rebound in euro zone’s bond markets. Meanwhile, the benchmark BSE Sensex dropped by 51.48 points or 0.19 percent at 1045 hours.

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