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The rupee recovered after opening at 61.95 per dollar, its lowest since March 4. The Indian unit is now trading at 61.7150/72 vs the previous close of 61.7450/61.7550.
Traders pared positions ahead of holidays; markets will be closed from Thursday to Monday.
Most Asian currencies are in the red on concerns about Hong Kong protests.
The dollar continues to trade at four-year highs.
The Nifty is down 0.24% in line with Asian shares.
