Rupee eases by 6 paise against US dollar in morning trade

Mumbai, Sep 24 (PTI) After resuming on a steady note,
the Indian rupee Wednesday reacted slightly downwards by six
paise to 45.80/81 against the greenback in late morning deals.

In lacklustre trade at the Interbank Foreign Exchange
(Forex) market, local currency opened barely stable at
45.75/76 from overnight close of 45.74/75 a dollar.

But dollar buying by oil refiners to meet their month-end
requirements weighed on the rupee and it fell to quote at
45.80/81 in late morning deals.

Yesterday, the rupee had gained by 30 paise and Wednesday
it moved in a range of 45.75 and 45.83 a dollar.

According to a forex dealer, the rupee might get support
in later part of the day from smart recovery in equity
markets.

The Indian benchmark Sensex was up by nearly 154 points
at 1030 hrs, while Asian indices continued to display
mixed pattern of trading.

Global crude oil prices were trading near USD 107 a
barrel in Asian trade today. PTI VMP
BDS