Indian rupee remained lower in afternoon trade Friday as the dollar continued to trade higher against major currencies overseas amid fluctuating local stocks
The partially convertible rupee was at 48.09 per dollar at 1.30 p.m., off an early low of 48.19, and about 0.3 percent weaker than Thursday's close of 47.95 per dollar.
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The dollar index, a gauge of the U.S. unit's performance versus majors, was up about 0.2 percent in late Asian trade.
