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Amid high volatility on Friday, the rupee ended flat at 61.87 to a dollar against its previous close. The rupee resumed slightly higher at 61.81 against the last closing level of 61.87 and firmed up to 61.70 on initial selling of dollars by exporters.
However, the domestic currency failed to maintain initial gains and dropped to 62.03 on month-end dollar demand from oil importers and heavy outflows from the domestic equity market.
Dealers said that investors are keenly watching the RBI credit policy scheduled for Tuesday.
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