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Rupee Opens Lower As Month-End Demand For Dollar Increases
The Indian rupee opened lower in Wednesday's session with a loss of some 6 paise at 69.75 per versus previous close 69.69 per dollar.
The currency on Tuesday lost and ended lower due to a sudden month-end demand for the greenback from importers. Also, gain at crude oil prices, kept gains in rupee under check.
Rupee's direction will further be determined by GDP and fiscal number due to be released later this week.
So, the far rupee has remained in a narrow range.
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