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The rupee fell by 7 paise to 45.07 per US dollar in the early trade at the Interbank Foreign Exchange market today, weighed down by the dollar’s gains against other currencies and a lower opening in the stock market.
Forex traders said the dollar’s gains against other major currencies overseas and a weak start in the stock market mainly put pressure on the rupee.
The domestic unit rose 8 paise to close at 45.00/01 against the US currency on Wednesday on the back of fresh dollar selling by banks amid a firm trend in the equity market.
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