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The Indian rupee on Tuesday appreciated by 12 paise to end at 71.31 against the US dollar as crude prices eased following concerns that oil demand will be hit amid rapid spread of coronavirus from China to other countries.
At the interbank foreign exchange market, the local currency opened at 71.37. During the day, the local unit saw a high of 71.26 and a low of 71.41. The domestic unit finally settled at 71.31, up 12 paise from its previous close.
The rupee had settled at 71.43 against the American currency on Monday.
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