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The rupee surged by 16 paise to Rs 44.88 a dollar at the Interbank Foreign Exchange in early trade today, boosted by dollar weakness against other Asian currencies and a higher opening in the stock market.
The rupee had gained 5 paise to close at Rs 45.04/05 in the previous session on sustained dollar-selling by exporters and banks.
Forex dealers said dollar weakness against other Asian currencies and the euro, in addition to a higher opening in the stock market, supported the rupee gains.
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