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Our Bureau

Mumbai, June 19

The rupee dipped against the dollar in tandem with the fall in other major global currencies. The domestic currency opened at 45.88/90 and depreciated to close at 45.93. On Friday, the rupee had ended at 45.8350/45.8450.

Dealers said the dollar rallied against all other major currencies on the back of favourable consumer sentiment and capital flows data released on Friday. Currencies like the euro and the yen fell by 70-80 basis points.

"The rupee did not weaken as much as the other currencies due to some foreign institutional investor inflows. The rupee is likely to be in the range of 45.90-46.10 in the next few days," said a dealer at a private bank.

In the forward premia market, the six-month closed at 1.12 per cent (0.96) and the 12 month at 1.22 per cent (1.10).

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