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indian-rupeeMUMBAI: The Indian rupee opened lower on Thursday, tracking weaker euro and on expected dollar demand from domestic oil refiners.

At 9 a.m. (0330 GMT), the rupee was at 49.07 to the dollar from Wednesday's close of 49.0050/0150.

A government share sale in Oil and Natural Gas Corp on Thursday, aiming to raise at least $2.5 billion, is expected to attract foreign funds and should support the rupee.

Copyright Reuters, 2012

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