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Our Bureau

Mumbai, Aug. 11

The rupee weakened by around 10 paise against the dollar on Friday due to security threats in the country. The currency opened weak at 46.48/50, touched an intra-day high of 46.45/46 to close at 46.52/53, lower than Thursday's close at 46.41/42.

"However, later in the day, there was some dollar selling by exporters which pushed the rupee up to 46.45/46," said a dealer. The stock markets also helped the rupee. "However, reports from the US warning India about terrorist attacks weakened the rupee," he said.

The rupee is expected to trade in a range, said the dealer. In the forward-premia market, the six-month premium ended at 1.20 per cent (1.18 per cent) and the 12-month premium ended at 1.24 per cent (1.23 per cent).

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