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Rupee falls against dollar

MUMBAI: The rupee weakened considerably against the US currency on heavy corporate dollar demand, but ended off intraday lows in fairly active but choppy trade at the interbank foreign exchange forex market here today. Opening lower around 43.20/22 per dollar, the rupee dipped to an intraday low of 43.27/29 due to a rush to cover dollar positions by banks and corporates owing to heightened Indo-Pak border tensions and later closed at 43.25/26, showing a sharp fall of over 5 paise from the Tuesday8217;s closing level of 43.20. quot;Rupee-dollar outright spot dealings were quite volatile with erratic two-way movements in a fairly broad range of 43.20 and 43.28. State-owned banks were buying dollars while a prominent foreign bank was selling greenbacks, which gave the rupee a brief respite,quot; a local forex dealer said.