Analysts believe that the rupee would trade weaker, as high prices of crude could have an adverse effect on the rupee. Crude has rallied over 10% in the last few weeks. Demand from crude oil importers tends to have a bearing on the rupee.
However, in the last few weeks a steady inflow of funds from foreign investors has kept the rupee steady.
Meanwhile, markets were trading weak, with the Sensex down by more than 23 points at 10 am IST.