The rupee had closed 19 paise higher at 60.49 against the dollar in Wednesday's trade on weakening of US currency amid reports of Russia and Ukraine agreeing to a ceasefire and continuing rise in local equities and sustained foreign funds inflows.
Forex dealers said that increased selling of the American currency by exporters and banks supported the rupee but a lower opening of the domestic equity market and dollar's rise against other currencies overseas restricted the gains.     

Meanwhile, the benchmark BSE Sensex fell by 74.28 points, or 0.27 percent, to 27,065.66 in the morning trade on Thursday.

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