Re opens weaker at 45.22/24 per USD

Mumbai, Apr 13: The rupee today opened weaker at 45.22/24 per US dollar against the last close of 44.18/19, said a foreign exchange (forex) dealer here.

Downward pressure on rupee continued even today after its sharp dip yesterday, and the domestic currency traded seven paise weaker at 45.2550/2650 from the previous close in the mid-morning session.

Crude oil price in the New York Mercantile Exchange (NYMEX) came down slightly and hovered around USD 68.25 per barrel which should comfort the rupee.

However, Rs 421.70 crore of foreign fund outflow in the Indian equity market, reported by market regulator SEBI for Monday, was a major factor that put rupee under pressure.

UNI