Rupee slips 14 paise to 45.64 per USD

Mumbai, May 16: The rupee opened weaker by four paise at 45.48 per US Dollar as compared to the last close of 45.44/45, a forex dealer here said.

The rupee then dipped sharply by 14 paise to 45.64 per USD in the mid-morning session, the dealer added.

But the Indian currency recovered later trading at 45.54/56 during the mid-morning session.

Continuing a downward trend stock markets were down by 62 points to 11,759 around 1045 hrs, which was putting pressure on the rupee along with the higher crude oil prices.

UNI