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Rupee closes at 40.3750

MUMBAI: The rupee appreciated further against the U.S. currency to close at 40.3700/3750 on Monday on the back of sustained rally in equity markets amid weak dollar overseas.

In a two-way trade at the interbank foreign exchange market, the domestic unit opened slightly better at 40.40/42 a dollar from last Friday’s close of 40.4200/4250. Later, it gyrated in a range of 40.30 and 40.42 on alternate bouts of buying and selling. — PTI

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