The rupee opened lower at 63.54 against last Thursday's closing of 63.42 at the Interbank Foreign Exchange market, it slid further to 63.59 before quoting at 63.47 at 1100 hrs.

It hovered in the range of 63.59 to 63.46 during early deals.

Overseas, In New York, the dollar was slightly firm against a basket of major currencies amid thin early trade as several key financial centres shut for holidays.

Meanwhile, BSE Sensex was trading higher by about 71.26 points or 0.26 percent at 27,561.85 in late morning trade.

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