Rupee trades lower at 59.86 to the dollar

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 Rupee trades lower at 59.86 to the dollar
The rupee was trading marginally lower against the dollar and dropped to 59.86. The Indian currency had closed at 59.68 against the dollar on Thursday.

Dealers says demand for dollars were mainly from oil importers. Also, foreign fund selling in the debt markets continued to pose fresh worries for the Indian rupee.

The rupee is expected to trade in a range over the next few days, largely taking cues from the stock markets.

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