Mumbai: The Rupee on Monday slipped 11 paise to 83.03 in the opening session on rising demand for the US dollar by bankers and importers, dealers at the Foreign Exchange said.

The domestic unit was seen as weak owing to a strong dollar against other world currencies, despite a strong opening in the equity market.

The rupee recorded intraday highs and lows at 82.95 and 83.01, respectively, the dealer added.