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Jul 12, 2012, 02.36 PM IST
The rupee loses to 55.69-55.70 after rising to 55.53 immediately after stronger-than-expected May factory data, compared to its previous 55.62-55.63 close.
Weaker global risk assets, including a tumbling Australian dollar after an unexpected drop in unemployment, pressures the rupee. Dollar hovering near 2-year highs in Asia after the Fed minutes reduce expectations for monetary easing anytime soon.
The Sensex down 1.1%, after index heavyweight Infosys However, dealers says foreign investor flows, coupled with the absence of oil bids, prevent wider losses in the rupee. Dealer tips 55.55-55.75 band for the rest of the session.
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