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The Indian rupee depreciated after opening firm against the U.S. dollar on Monday.The local currency opened 9 paise strong at 81.23 compared with Friday’s close of 81.32. However, the rupee erased all its opening gains and depreciated against the U.S. dollar by 25 paise to 81.48 as of 11:07 a.m.”The local unit was unable to sustain its positive opening, as investors remained cautious ahead of the nonfarm payroll data. Meanwhile, forw…
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