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Rupee stages recovery

MUMBAI: The Indian currency recovered against the dollar on fresh dollar selling, while a weak dollar in the global market also gave a boost to the rupee, dealers said.

In active trade at the interbank foreign exchange market, the Indian currency resumed smartly higher at 45.83/85 a dollar against yesterday's recent low of 45.90/91. Thereafter, it moved in a wide range of 45.8150 and 45.9000, before ending at 45.88/90 a dollar.

The slight fall in the rupee during the later part of the day was attributed to higher inflation rates. — PTI

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