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Rupee recovers marginally; still below 70 per dollar mark

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Mumbai

The Indian rupee recovered marginally during the morning hour of the trade session on Friday after settling at a record low closing level in the previous session.

Sentiments in the Indian currency market have been largely subdued of late due to a wider trade deficit and following weakness in the global peers.

Around 9.45 am the rupee traded at 70.08 against the dollar, eight paise stronger than the all-time closing low of 70.16 recorded on Thursday.

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