Rupee shrugs off initial losses

At 66.4250/4350 per dollar

Rupee started the day's trade with losses due to the uncertainty about the banking measures after the Government's move to withdraw larger banknotes from circulation coupled with U.S. Elections results.

The greenback later shrugged off its losses to close higher at 66.4250/4350 per dollar, versus its previous close of 66.6099/6200 per dollar as the investors looked the move as a positive sign for the economy.

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