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The rupee rose by 13 paise to a one-month high of 45.21 per US dollar at the Interbank Foreign Exchange market today, supported by a rally in the domestic stock market and the dollar’s weakness against other currencies.
Forex dealers said a higher opening in the stock market and the dollar’s losses against a basket of major currency rivals overseas kept the rupee sentiment firm.
The domestic unit had gained 18 paise to close at Rs 45.34/35 per dollar in the previous session on the back of bullish domestic equities and sustained dollar selling by exporters and banks.
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