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Our Bureau

Mumbai, Aug. 24

The rupee was dull against the dollar and closed at almost the same level as Wednesday. The rupee opened weaker at 46.54/55 and weakened further to 46.58 during the day. However, it recovered to close at 46.52/53, unchanged from the previous close. There was a good amount of FII inflow into the domestic equity market, which ended more than 100 points higher, said dealers.

Globally, the dollar weakened against the euro, as the German Ifo data was better than expected, said dealers. The data said that German economy saw robust domestic demand in the second quarter. Forward premia eased a bit on easy liquidity situation. The six-month premium closed at 1.31 per cent (1.32 per cent) and the one-year premium closed unchanged at 1.3 per cent.

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Rupee flat against dollar

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