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The rupee was up by 16 paise at 45.36 per US dollar in the early trade today amid sustained dollar-selling by banks and corporates due to the greenback’s weakness overseas.
At the Interbank Foreign Exchange market, the domestic unit opened higher at 45.45/46 per dollar against Tuesday’s close of 45.52/53 per dollar and moved up further to 45.36.
At 10.30 a.m., the rupee was quoting at 45.41/42 per dollar. It moved in a range between 45.36 and 45.50 per dollar in the morning deals.
Sustained selling of dollars by banks and corporates due to the dollar’s weakness in the overseas markets mainly boosted the rupee sentiment, a forex dealer said.
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