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Rupee steady

MUMBAI DEC. 12. The rupee ended barely changed against the U.S. currency today, as late dollar demand from corporates and importers aborted an early foreign funds led rally in an extremely thin and lethargic trading at the interbank foreign exchange market.

After a firm opening of 45.53/54 a dollar, the rupee hit the day's high of 45.52/53 in early deals, but a late bout of dollar short-covering by banks pushed it down to 45.5450/5550 at close against Thursday's close of 45.54/55.

The rupee lost 2-1/2 paise yesterday due to moderate dollar demand after spurting by over 47 paise in the earlier ten consecutive sessions, propelled by robust trade and capital inflows and a lingering weak dollar overseas.

PTI

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