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Rupee declines 10 paise to 90.44 against US dollar in early trade

The rupee declined by 10 paise to 90.44 against the US dollar in early trade on Friday, extending its losing streak to a third consecutive session. Persistent foreign fund outflows and a strong dollar weighed on the currency, though lower crude oil prices and positive domestic equities helped limit sharper losses

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The rupee extended its weakening momentum for the third straight session, losing 10 paise to 90.44 against the US dollar in early trade on Friday, weighed down by relentless outflow of foreign funds and a firm greenback.

Lower crude oil prices and positive equity market sentiment prevented a steep fall in the domestic currency, forex traders said.

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