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The rupee was trading 3 paise higher at Rs 44.29 per dollar at the Interbank Foreign Exchange market today, supported by a higher opening in the stock market and the dollar’s weakness against other currencies.
The domestic unit had appreciated by 16 paise to close at an over one-week high of Rs 44.32/33 per dollar on Wednesday due to strong equities and fresh capital inflows.
Forex dealers said the dollar’s weakness against major currencies, including euro, and a higher opening at the bourses kept the rupee sentiment firm.
The Bombay Stock Exchange benchmark Sensex gained 164.51 points or 0.84 per cent to 19,635.49 in the opening trade today.
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