PTI
Mumbai, Sep 23: After resuming on a firm note, the Indian rupee slipped by 19 paise to 45.63/64 against the greenback in late morning deals following weakness in equity markets.
At the Interbank Foreign Exchange (Forex) market, the local unit opened at 45.36/37 against Monday’s close of 45.44/45.
But weekend dollar buying by oil refiners after a sharp rise in global crude oil prices pushed the rupee downwards to quote at 45.63/64 a dollar in late morning deals.
Bearish trend in equity markets where the Indian benchmark Sensex was down by nearly 157 points at 1030 hrs also weighed on the rupee.
It moved in a range of 45.36 and 45.70 in morning trade. Monday, the rupee had gained by 38 paise.
Meanwhile, the US dollar stabilised in Asian trade on Tuesday after tumbling to a six-week low against the euro overnight as oil prices soared.
The global crude oil prices were trading near USD 110 a barrel.