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Mumbai : The Indian rupee depreciated by 7 paise against the dollar in early trade on March 11 following fresh capital outflows by foreign funds amid the US currency's gains overseas.
At the Interbank Foreign Exchange (Forex) market, the rupee fell by 7 paise to 45.45 a dollar. The rupee had closed higher by 24 paise at 45.38/39 a dollar in the previous session. Forex dealers said besides capital outflows from equities by foreign funds, dollar's marginal gains against other currencies weighed on the rupee sentiment.
Meanwhile, the Bombay Stock Exchange index Sensex fell by 38 points or 0.22 per cent at 17,060.26 points in early trade on March 11.
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