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The rupee rose sharply by 21 paise to Rs 45.94 per US dollar in the early trade at the Interbank Foreign Exchange market today amid dollar’s weakness against a basket of other Asian currencies overseas and a rebound in the domestic stock market.
The domestic unit had ended 11 paise lower at Rs 46.15/16 against the US dollar in the previous session on Friday due to sustained demand for the American currency from importers amid distinctly weak equities.
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