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Rupee falls on broad dollar strength

The rupee was weaker at 62.375/385 compared with previous close of 62.315/325 on global dollar strength after strong U.S. ISM data.

Dealer says sharp fall in the September-quarter current account deficit, though on expected lines, is positive for the rupee.

The pair continued to have strong technical support at 61.9.

Foreign funds were buyers of $127.05 million in Indian equities on Monday, provisional data showed.

Asian currencies are mostly trading weak.

The yen remained on the backfoot early in Asia on Tuesday, having succumbed to further selling pressure on prospects of more stimulus from the Bank of Japan.

Copyright @ Thomson Reuters 2013