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The rupee is trading lower with local stocks extending losses. The pair is at 62.20/21 after hitting 62.27 intraday. It had closed at 61.9275/9375 on Thursday.
The BSE Sensex extended losses, down 0.9%.
Dealers cite resistance around 62.20 levels and a 62.10-62.30 trading band is likely for rest of the session.
The pair is, however, headed for its biggest weekly gain in over a month, up 1%.
