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RTRS: Rupee back from near 3-week low on share gains
 
(Reuters) - The rupee trimmed losses from the near three-week lows against the dollar on Thursday afternoon, closely tracking the domestic share market and the U.S. currency's losses against other majors.

* At 2:10 p.m., the partially convertible rupee was at 46.90/91 per dollar, off an early low of 47.04, its weakest since July 26. It had fallen about 0.6 percent to end at 46.70/71 on Wednesday, its biggest single-day fall since July 19.

* The BSE Sensex was trading 0.1 percent lower, after falling as low as 0.9 percent, as forecast-beating results from State Bank of India curbed losses.

* The dollar dipped on Thursday after scoring its biggest daily gain for nearly two years against most major currencies the previous day as concerns about the U.S. and global economies triggered a wave of unwinding in short dollar positions.

* One-month offshore non-deliverable forward contracts were at 47.11, weaker than the onshore spot rate.

* In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange and MCX-SX were both at 47.0275, with the total traded volume on the two exchanges was $4.4 billion.

(Reporting by Yati Himatsingka and Anurag Joshi; Editing by Ramya Venugopal)

(For more business news on Reuters India click in.reuters.com)

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