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Rupee closes lower

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MUMBAI: The rupee on Tuesday closed at 44.21/22 a dollar, lower from Monday's close of 44.1950/2050, owing to fresh dollar demand from oil corporates and extremely weak equity markets.

In fairly active trading at the interbank foreign exchange market, the Indian unit moved in a limited range of 44.1650 and 44.2300.

Meanwhile, the Reserve Bank of India fixed the reference rate for the U.S. currency at Rs. 44.20 PTI

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