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The rupee on Tuesday strengthened by 37 paise to close at 69.30 against the US dollar in line with firming Asian currencies and sustained foreign fund inflows, halting its three-day losing streak.
Forex traders said the dollar’s weakness against its key rivals overseas and heavy buying in domestic equities also supported the domestic currency.
At the Interbank Foreign Exchange (forex) market, the domestic unit opened at 69.65. The local unit moved in a range of 69.73 to 69.21 before finally ending at 69.30, a rise of 37 paise over its previous close.
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