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The rupee continues to depreciate against the US dollar.

The rupee depreciated against the dollar in both the foreign exchange markets today, pushing the dollar’s interbank rate to over Rs 154.

Factors such as the increase in the opening volume of new import letters of credit for imports kept supply limited against the demand for the dollar, which led to an increase in the value of the dollar.
In the interbank market, the dollar rose further by 68 paise to close at Rs 154.68, while in the open currency market, the dollar rose by 30 paise to close at Rs 154.90.

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