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Rupee erases yearly gains; rise in dollar demand from oil imports, bargain buying weighs on Indian currencyRupee erases yearly gains; rise in dollar demand from oil imports, bargain buying weighs on Indian currency

By Dilip Parmar The Indian rupee erases yearly gain in the week gone following the dollar demands from the oil importers and bargain buying. The fall in Asian currencies, risk-averse sentiments, absence of central bank’s intervention and gain in crude oil prices weighed on the local units. Spot USDINR gained 0.86% or 70 paise to […]