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The Indian rupee opened at 54.40 per dollar versus 54.48 yesterday.
Vikram Nanivadekar, Independent Analyst said, "The rupee is likely to move in a range on mixed cues from global equities, currency and crude. Back home, action in the IPO market will be keenly watched. The range for the day is seen between 54.25-54.65/USD."
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Dont see mkt going anywhere now; like Bharat Forge: Dipen