November 26, 2010 10:10 AM

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Rupee depreciates by 7 paise against US dollar in early trade

The Indian rupee depreciated by 7 paise to 45 rupees 59 paise against the US dollar in early trade at the Inter bank Foreign Exchange today. This follows weakness in other Asian currencies. Forex dealers said that besides dollar's gains against other Asian currencies, continued demand for the American currency from importers kept pressure on the rupee. The rupee had closed 18 paise higher at 45.52 against the dollar in the previous session.

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