Ruppe 59.62

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[b] [font=Georgia,]Rupee falls for 1st time in 3 days, down 13 paise on dollar demand[/font][/b]
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MUMBAI: The rupee on Monday fell for the first time in three days to end 13 paise lower at 59.52 as fag-end demand of the [url="http://timesofindia.indiatimes.com/topic/Us-Dollar"]US dollar[/url] from some banks and importers [url="http://timesofindia.indiatimes.com/topic/Washed-Out-(musician)"]washed out[/url] the early gains on account of strong local stocks.

At the [url="http://timesofindia.indiatimes.com/topic/Interbank-Foreign-Exchange"]Interbank Foreign Exchange[/url] (Forex) market, rupee commenced lower at 59.46 a dollar from previous close of 59.39. It recovered later to a high of 58.9650 on sustained dollar selling by exporters and strong rally in stock markets.

The rebound, however, was short-lived as fresh dollar demand from importers, mainly oil refiners, and some banks dragged down the rupee to a low of 59.54. It finally ended at 59.52, a fall of 13 paise or 0.22 per cent.[/size][/font][/color]

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60 yepudu avutundo

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