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Snapping its four-day winning spree, the rupee slipped 7 paise to close at 63.59 against the US dollar on Tuesday on fresh demand for the American currency from banks and importers on the back of a firm greenback overseas.
Besides, foreign capital inflows into equity markets restricted the rupee’s loss against the dollar, forex dealers said.
The rupee resumed lower at 63.58 as against yesterday’s level of 63.52 at the Interbank Foreign Exchange (Forex) market. It hovered in a range of 63.65 and 63.55 during the day before finishing at 63.59, showing a loss of seven paise or 0.11 per cent.
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