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Early on Monday, the rupee strengthened versus the US dollar by 24 paise to 81.73 on an uptick in domestic markets. Foreign capital inflows, according to forex traders, also strengthen the local currency. The domestic unit started out at the interbank foreign exchange at 81.85 against the dollar before rising to 81.73, representing a gain of 24 paise over its previous close.
On Thursday, the rupee lost 11 paise to close at 82.60 against the US dollar as weaker investor sentiment was exacerbated by a stronger dollar in international markets and a flat domestic equity market. According to forex traders, ongoing withdrawals of foreign funds added to the pressure on the local currency.
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