Rupee slips 14 paise to 45.64 per USD after opening weaker

Mumbai, May 16 (UNI) 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.

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