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Rupee edges down
MUMBAI,
DEC. 24.
The rupee turned marginally weak against the U.S. currency on some corporate dollar demand in a quiet and range-bound trading at the interbank foreign exchange market here today ahead of the Christmas holiday in overseas centres.
The Indian currency started the day lower at 43.76/79 a dollar and after moving in a range of 43.7600 and 43.8150, closed at 43.78/79, marginally lower than yesterday's close of 43.76/77.
The rupee has gained over 4 per cent during this calendar year so far, buoyed by strong foreign capital inflows and steady export receipts.
In cross currency deals, the rupee opened weak against the British pound sterling and declined further to 84.39/41 against the previous close of 84.04/06.
The rupee was also weak against the single European unit at 59.26/28 against 58.84/86.
PTI
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