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Rupee gains


MUMBAI: The rupee ended moderately higher at 39.42/43 against the dollar after trimming initial gains following fairly heavy dollar demand amid surging equity markets and weak dollar overseas. It closed at 39.4550 on last Friday.

In active trading at the interbank foreign exchange market, the rupee resumed stronger at 39.36/38 a dollar but later came under pressure as oil companies bought dollar. — PTI

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