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Reliance Securities Report
The Indian rupee depreciated for the first time in three sessions against the U.S. dollar on importing buying dollars to cover their payables and dollar short covering.
The rupee ended at 73.09 compared with 73.00 in the previous session.
The unit had briefly appreciated to an intraday and two-month high of 72.93, but trimmed gains on dollar demand and speculating that the Reserve Bank of India may have intervened.
The dollar fell against a basket of currencies on Wednesday after a report on the U.S. labour market missed expectations by a wide margin.
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