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Rupee extends weakness against US dollar, slips 13 paise

Updated : August 24, 2018 09:36 AM IST

The rupee weakened by 13 paise to 70.24 against the US dollar in opening trade on Friday on increased demand for the American currency from importers and banks.
Forex dealers said a firm dollar in overseas markets, ahead of Federal Reserve Chairman Jerome Powell speech at the annual global central bank conference in Jackson Hole later in the day, weighed on the rupee.
Rupee extends weakness against US dollar, slips 13 paise

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