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The rupee extended its bearish trend for the third straight day and ended seven paise lower at 64.12 against the US dollar on sustained demand for the greenback from importers and corporates.
A cautious tone largely dominated forex trading amid heightened tensions in the Korean peninsula. The domestic currency was unable to gain any traction and continued to trade under pressure despite the dollar weakening against key rivals overseas. Heavy capital outflows also weighed on the rupee trade.
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