The rupee slipped further today by 40 paise at 48.72 against the US dollar in the opening trade on rising demand for dollars by importers, dealers at the Interbank Foreign Exchange said. A minor fluctuation was seen in the domestic unit as it registered the intra-day high and low at 48.75 and 48.60 per US dollar, respectively. The rupee continued to decline following dollar's gain against other world currencies and sliding share market, dealers said.

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