The Indian rupee pared initial gains to settle just 1 paisa higher at 78.09 (provisional) against the US dollar on Friday amid a muted trend in domestic equities and unabated foreign capital outflows. A strong dollar overseas and higher crude prices also kept the domestic unit under pressure. At the interbank forex market, the rupee opened strong at 78.03 against the greenback and witnessed an intra-day high of 78.02 and a low of 78.09. It finally ended at 78.09, registering a gain of 1 paisa over its previous close of 78.10. Powered by Commodity Insights
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