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The rupee on Wednesday snapped its two-session losing streak against the US dollar by recovering four paise to close at 64 on fresh selling of the American currency by exporters amid heavy foreign capital outflows. Foreign portfolio investors sold shares worth a net ₹1,230.74 crore yesterday, according to provisional data released by stock exchanges.
The domestic currency resumed higher at 63.98 per dollar against the yesterday’s closing level of 64.04 at the forex market and hovered in a range of 63.96 and 64.02 before finishing at 64, a gain of 4 paise.
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