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Rupee steady

MUMBAI: In a cautious and range-bound trade, the rupee on Monday ended at the previous level of 39.40/41 against the U.S. currency on alternate bouts of buying and selling.

Fresh political concerns over the Indo-U.S. nuclear deal and the U.S. Federal Reserve’s policy-setting meeting on Tuesday mainly kept the dealers away from making any commitments on either side. the rupee opened better at 39.37/38 a dollar against Friday’s close of 39.40/41 on initial firmness in equity market. Later, it fell back to close at 39.40/41 on negative turnaround in Sensex.The rupee moved in a range of 39.37 and 39.43. — PTI

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