The rupee was trading lower by 5 paise in early trade largely on demand for dollar from importers.
Forex dealers said strengthening of dollar against other currencies in the global market also put pressure on the rupee but a higher opening of the domestic equity market limited the fall.
The domestic currency had closed higher by eight paise at 60.29 on Thursday, in line with a surge in stock markets. Forex and money markets remained closed on their last trading session of previous week on account of "Good Friday". Meanwhile, the benchmark BSE Sensex rose by 66 points, at 22,694 points in early trade today.
With inputs from PTI