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Our Bureau

Mumbai, Nov. 10 The rupee was flat against the dollar on Tuesday, after giving up some of its opening gains, said dealers.

The domestic currency opened at 46.41 and weakened to touch an intra-day low of 46.61. It ended the day at 46.48, against the previous close of 46.46.

The rupee opened with a positive gap tracking the positive global equity indices, said a dealer with a public sector bank. However, dollar purchases by oil companies after crude touched $75.8 exerted pressure on the rupee.

The rupee touched its day’s low when the pound weakened by almost a 100 basis points after Fitch Ratings lowered its rating for UK. However, the domestic currency recovered due to dollar selling by exporters, added the dealer.

In the global markets, the greenback was weak against other major currencies.

In the forward premia market, the six-month premium ended higher at 2.8 per cent (2.71 per cent) and the one-year premium ended at 2.75 per cent (2.7 per cent).

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