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Rupee declines


MUMBAI HALTING: a five session smart rally that took it to near three-week high, the rupee declined on renewed dollar demand, adjusting to a downward correction following a surprise dollar rally overseas, mainly against the euro at the inter-bank foreign exchange market on Thursday.

The rupee closed at 43.5200/5250 a dollar, a three paise fall from Wednesday's finish of 43.49/50 after it was confined to a tight range of 43.5250 and 43.5550 in mostly dull trade.

— PTI

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