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The rupee was trading up 4 paise at 62.32 against the US dollar in late afternoon trade following bouts of demand for the greenback from importers amid volatile equities.
The rupee opened at its previous level of 62.36 at the interbank Foreign Exchange (Forex) market.
The rupee hovered in a range of 62.32 and 62.39 during the day's trade.
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