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The rupee declined by 10 paise to close at 68.85 against the US dollar on Tuesday amid heavy selling in domestic equities and rising crude oil prices. forex traders said strengthening of the greenback against Asian currencies weighed on the domestic unit.
At the interbank foreign exchange (forex), the domestic currency opened at 68.73 a dollar and gained further to touch a high of 68.67 during the day.
The domestic currency, however, could not hold on to the gains and fell to 68.88. The rupee finally settled at 68.85 a dollar, down 10 paise over its previous close.
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