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Rupee steady

MUMBAI DEC. 19. The rupee ruled rock-steady against the U.S. currency today in extremely thin and listless trade at the interbank foreign exchange market ahead of the weekend.

The domestic unit opened and closed at the same levels of 45.51/52 a dollar after trading in a tight range of 45.5100 and 45.5250 in muted dealings in the absence of clear market direction.

Stray dollar demand from state-run banks was absorbed by the available local dollar supplies in mostly lethargic trade even as sentiments turned neutral for the currency.

Steady foreign fund inflows continued to give the rupee underlying support while a sudden spurt in global crude oil prices weighed on its value, dealers said. — PTI

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