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Rupee slips a tad to Rs 43.15 vs US $

The Indian rupee lost initial gains towards the end of session and closed marginally lower at a fairly active interbank foreign exchange market today.

The currency opened steady at 43.13/14, and appreciated to Rs 43.07/08 in the morning on hopes of early end to the Indo-Pak crisis with the world powers extending support India's action.

However, the rupee's rise was short-lived as heavy corporate greenback demand at the lower level again pushed the rupee down to touch the day's low of Rs 43.17/18 around noon.

However, later in the afternoon, the Indian currency recovered partially the intra-day loses and ended at Rs 43.1450/1550, still marginally lower from its previous day's close of Rs 43.13/14.

In the cross currency, the rupee firmed up a bit against pound sterling and eased slightly against euro and Japanese yen. Sterling ended at Rs 68.67 (68.83), euro at Rs 44.63 (44.61) and yen at Rs 35.95 (35.89).

UNI

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