At the Interbank Foreign Exchange, the rupee was trading lower by five paise against the previous close of 66.15.
1. Increased demand for the American unit from importers and a lower opening in the domestic market weighed.

2. Dollar's gain overnight against major world currencies also influenced the rupee movement, they added.
3. The rupee had appreciated 24 paise to end at 66.15 against the greenback yesterday. Marking the fifth consecutive year of depreciation, the rupee ended 2015 with a yearly loss of 312 paise, or 4.95 percent, against the US dollar on heavy funds outflows.
Meanwhile, the benchmark BSE Sensex fell 51.29 points, or 0.20 percent, to 26,066.25 in morning trade.

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