After recouping initial losses, the Indian rupee ruled steady at 44 rupees 67 paise per US dollar in morning trade on the Interbank Foreign Exchange today. The rupee resumed lower at 44 rupees 72 paise per dollar as against the overnight closing level of 44 rupees 67 paise per dollar on good demand for dollars from banks and corporate on the back of dollar firmness in overseas market. However, it recovered afterward on mild selling of dollars by banks and exporters.