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The rupee rallied 77 paise to end at 70.69 against the US dollar on Thursday, in lock-step with softening crude oil prices and foreign capital inflows.
This is the seventh straight session of gains for the domestic unit amid the US dollar weakening against some currencies overseas. In the last seven trading sessions, the rupee has gained a healthy 220 paise.
At the Interbank Foreign Exchange (forex) market, the rupee opened on a firm note at 71.12 and hit a high of 70.68 following dollar selling by exporters.
The local unit, however, pared the initial gains and finally finished at 70.69, up 77 paise.
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