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Firmness in other Asian currencies against the American unit also supported the Indian rupee.
The rupee had depreciated by 3 paise to close at Rs 44.20/21 against the US currency in yesterday`s trade on weakness in equities amid dollar demand from importers.
Forex dealers said apart from dollar weakness against other currencies, steady capital inflows and a higher opening in the stock market, also kept the rupee`s sentiment firm.
Meanwhile, the Bombay Stock Exchange Sensex was up by 82.97 points, or 0.42 per cent, at 19,674.15 in opening trade today.