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The rupee had appreciated by 22 paise to close at a three-and-a-half month high of 44.18/19 against the US currency in yesterday`s trade due to fresh dollar selling.
Forex dealers said dollar weakness against the euro and other Asian currencies overseas along with a recovery in the stock market kept the rupee sentiment firm against the American dollar.
Meanwhile, the Bombay Stock Exchange Sensex rose by 52.93 points, or 0.29 per cent, at 18,571.15 in opening trade today.