 "Rupee seen a winner in US-China trade thaw, but gains may be slow")
Extending its gains, the rupee on Wednesday appreciated by 6 paise to 69.65 in the early trade, driven by sustained buying by overseas investors.
The domestic unit strengthened below the 70-a-dollar mark to end at 69.71 on Tuesday. It is building up a buffer for the central bank to operate in, should there be volatility in the markets in the run-up to the Lok Sabha elections.
Keeping the rupee slightly stronger aids the central bank in supplying dollars and stabilise the currency, if there is a selling pressure threatening to erode the value of the rupee rapidly, PTI reported quoting currency dealers.
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