Epic Update: Rupee

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The rupee recovered some of the morning losses but was still down 11 paise against the dollar at 54.49 on fresh demand for the American currency from banks and importers.

The dollar strengthened against other currencies as well in the overseas market.

The rupee resumed lower at 54.40 per dollar as against the last closing level of 54.38 at the Interbank Foreign Exchange (Forex) market and dropped further to 54.61, before quoting at 54.49 per dollar at 1045hrs.
 
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