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Rupee rebounds 17 paise against US dollar
Reversing its three-day downward trend, the rupee recovered by 17 paise to 63.96 against the US dollar in early trade today on fresh selling of the American currency by exporters. Besides, the dollar's weakness against some currencies overseas and early gains in the domestic equity market supported the rupee. The rupee had lost 5 paise to close 64.13 against the US currency in Friday's trade due to sustained demand for the American currency from importers and corporates.
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