On Monday, the rupee trimmed early gains to close 1 paisa lower at 83.50 against the US dollar, as subdued domestic equities dampened investor sentiment. At the interbank foreign exchange market, the rupee opened at 83.45, reaching an intraday high of 83.44 and a low of 83.50 against the dollar. It ultimately settled at 83.50, marking a loss of one paisa from the previous close.
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