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Rupee slips; FIIs continue to buy stocks

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Reuters
Last Updated : Oct 24 2013 | 10:15 AM IST

Reuters Market Eye - The rupee slips, at 61.63/64 versus last close 61.59/60.

Dealers say no major trigger in the session, will wait for month-end importer dollar demand.

Foreign funds extend buying in local stocks for a 14th session, being provisional buyers of $104.7 million on Wednesday, exchange data showed.

Rally risk continues to rise with another dip to test key 50 percent fibonacci support at 61.17 gets bought on Wednesday. See

The dollar edged up against major counterparts in early Asian trade on Thursday, but was hemmed in recent ranges as investors remained cautious about liquidity conditions in China.

(Reporting by Subhadip Sircar)

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First Published: Oct 24 2013 | 10:08 AM IST

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