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Sharp fall in rupee

MUMBAI: The rupee on Monday declined sharply against the U.S. currency on month-end dollar demand from corporates and importers despite positive sentiment following rising foreign institutional investment inflows into the buoyant stock market and sliding global crude oil prices. In mostly range-bound but cautious trading at the interbank foreign exchange market, the rupee ended at 43.9600/9650 a dollar, steeply lower from last Friday's close of 43.9075/9150. World oil prices dipped to below $64 a barrel on Monday.— PTI

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