The rupee extended losses for the second consecutive day on Tuesday, amid higher demand for import payments, dealers said.

The rupee ended at 104.61 to the greenback from the Monday’s closing of 104.50 at the interbank market. The local unit started the day in the range of 104.58 and 104.60.  However, the dollar buying from importers and oil companies pushed the rupee to trade higher at 104.62 during intraday trade.

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