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Rupee trims initial losses, still down by 8 paise

The rupee trimmed its underlying misfortunes, however was still around 8 paise to 66.72 against the American money in the late morning exchange on month-end episodes of interest for dollars from merchants.

The rupee continued strongly bring down at 66.90 for each dollar as against last Wednesday’s end level of 66.64 at the Interbank Foreign Exchange (Forex) market here.

It floated in the scope of 66.90 and 66.68 preceding citing at 66.64 at 1030 hrs.

In the mean time, the dollar list was down 0.01% at 96.31 against a bushel of six monetary standards in the early exchange.

In the abroad market, the dollar for the most part governed stable against its significant opponents, yet edged up against the yen, in the wake of bouncing back a week ago after a progression of remarks from the US.

Central bank authorities who bolstered the case for more loan fee climbs than business sectors had foreseen.

The local benchmark Sensex was down 0.55% or Rs 138.19 lower at 25,199.37 at 1123 hours.

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