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The Indian rupee on Wednesday declined by 11 paise to close at 3-month low of 45.32/33 against the US dollar following weakness in equities amid dollar demand from importers.

The Indian currency had depreciated by 21 paise to close at a two-month low of Rs 45.22/23 in the previous session, following increased dollar demand from importers.
The 56-year-old leader made history when she was sworn in as the first woman chief minister of the state at the head of a 38-member Trinamool Congress-Congress coalition.
His comments came after food inflation slipped to 7.47 per cent for the week ended May 7, continuing on its downward trajectory for the third consecutive week.
The currency resumed higher at 44.97/98 per dollar, against the previous closing level of 45.05/06 per dollar and moved up further to 44.90 before quoting at 44.94/95.
The government has been relentlessly hiking the price of petrol and burdening it with heavy taxes as it sees it essentially as the rich man's fuel.
"The April prices have come down both on the manufacturing sector and food sector. Therefore, this is good trend," Mukherjee told reporters in the national capital.