The Rupee slipped by 7 paise against the US Dollar to 65.04 on sudden month-end dollar demand from importers and banks amid weakness in local equities.
Earlier in the morning, the Rupee opened higher at 64.90 per Dollar against Monday's close of 64.97 at the interbank foreign exchange here.The domestic unit witnessed volatility and hovered between highs of 64.88 and lows of 65.09. It was trading at 65.04 at 1445 hrs.
Investors turned cautious ahead of the long weekend, said Forex dealers.
Markets will remain closed on Thursday and Friday on account of Mahavir Jayanti and Good Friday, respectively. Meanwhile, the 30-share BSE Sensex trading lower by 214.41 points or 0.65 per cent at 32,959.98.