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BW Businessworld

Rupee Lower On Oil USD Demand, Euro

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The rupee was under pressure in early trade on Wednesday as traders expect month-end dollar demand from state-run oil refiners and a weaker euro, but losses may be kept in check by higher stocks.

At 9.07 am, the rupee was at 57.06/07 after opening stronger at 56.98. It ended trade at 57.02 on Tuesday, not far the record low of 57.32 hit on Friday.


(Reuters)


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finance news 9 markets dollar rupee traders