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Rupee softens 14 paise against USD

Prime News, National, Business, Mumbai, August 7:-  The rupee weakened 14 paise to 63.72 against the US dollar in early trade at the Interbank Foreign Exchange on Monday, following fresh demand for the American currency from banks and importers.

Moreover, the US dollar’s gains against some currencies overseas on strong jobs data put the rupee on backfoot, forex dealers said.

However, a higher opening of the domestic equity market capped the rupee’s losses.

–(NGB, Inputs: Agencies)

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