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The rupee rose 12 paise to 64.45 against the US dollar in pre-close trade at the interbank forex market today on increased selling of the American currency by exporters and banks.
A strong rebound in equities also supported the local currency, forex dealers said. The rupee opened at 64.55 and traded between 64.58 and 64.45 in intra-day trade.
Yesterday, the rupee had lost further ground to end at a near two-week low of 64.57 against the US currency, falling by 5 paise on sustained demand for the dollar from importers despite a strong rebound in equities.
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