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Rupee down 38 paise against dollar in early trade
Forex dealers said besides the dollar's gains against the euro overseas, increased demand from importers for the US currency and a lower opening in the domestic equity market also put pressure on the rupee.
On Thursday, the rupee strengthened by 27 paise to close at 61.22 against the US currency following suspected RBI intervention and dollar selling by exporters.
PTI
Story first published: Friday, August 8, 2014, 10:12 [IST]
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