Indian rupee down 4 paise Vs dollar in late morning trade

It moved in a range of 54.26 and 54.36 per dollar during the morning deals.

In New York,the euro fell yesterday trading at a fourth- month low level against the US dollar as debt-troubled Cyprus worked to meet a bailout-related deadline,and as a purchasing-managers8217; index pointed to a deepening economic downturn in the euro zone.

Meanwhile,oil prices were mixed in Asia early today on fears of a possible default by Cyprus as the European Central Bank said it would halt funding to lenders if a new bailout deal was not found,analysts said.

New York8217;s main contract,light sweet crude for delivery in May added 11 cents to USD 92.56 a barrel.

Meanwhile,the BSE-30 share index,Sensex,dropped by 30.68 points,or 0.16 per cent,quoting 18,762.19 at 1050 hrs.