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Re snaps 6-day rise, settles 10 paise down at 70.80 vs dollar

Snapping its 6-day winning run, the rupee on Wednesday settled 10 paise lower at 70.80 against the dollar amid rising crude prices and heavy foreign fund outflows. Forex traders said dollar buying by oil importers and strengthening of the greenback against major currencies overseas weighed on the domestic unit.

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