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Rupee turns weak

MUMBAI: The rupee turned weak and ended lower on Tuesday at 40.9750/9850 against the U.S. currency on good dollar buying by banks.

In active trade at the interbank foreign exchange market, the Indian unit opened slightly better at 40.86/87 on smart rally in stock markets. But it failed to maintain the level and dropped to a low of 40.99 before ending the day at 40.9750/9850, sharply down from Monday’s close of 40.88/89. — PTI

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