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The rupee declined by 36 paise to Rs 49.11 per US dollar in early trade today on fresh month-end demand for the American currency from importers, coupled with dollar gains in the overseas market.
The rupee resumed lower at Rs 49.08/09 per dollar on the Interbank Foreign Exchange, as against yesterday’s close of 48.75/76 per dollar, and moved down further to Rs 49.11 per dollar before quoting at 48.92/93 per dollar at 10.30 a.m.
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