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Rupee rallies

MUMBAI: The rupee rallied smartly against the U.S. currency on Thursday and ended at 40.7950/8050, dearer by 13 paise from Wednesday’s close of 40.9250/9350 on increased FII inflows and strong equity markets. In an active trading at the interbank foreign exchange market, the local currency moved widely in the range of 40.73 and 40.97 during the day after resuming steady at 40.93/94 against the greenback. — PTI

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