Rupee upward 4 paise to 63.47 against dollar in early trade . In line with the stock market, the rupee failed to maintain initial profit gains against the dollar and was quoted low-laying by six paise to 63.57 on newly demand for the American currency from banks and importers due to heavy foreign capital outrush. The rupee continue higher at 63.45 as against Wednesday's ending level of 63.51 at the Interbank Foreign Exchange ( Forex) on initial selling of dollars by banks and exporters. It crash to maintain initial profit gains and slided to 63.64 before quoting 63.57 at 1000 hours. It moved up in a range of 63.45-63.64 per dollar during morning trade. In the global market, the dollar was lesser against the yen and other currencies on Wednesday in subdued pre- Christmas holiday trading.
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