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Rupee fails to maintain initial gains, trades at 61.84

The rupee failed to maintain initial gains against the American currency due to mild demand for dollars from banks and importers and was quoted at 61.84 in the late morning trade.

`India's stand on WTO puts into doubt its credibility`

As the deadline to sign the WTO pact to ease worldwide customs rules lapsed at midnight in Geneva on Thursday, two influential American lawmakers on Friday criticised India for digging its heels in on the Trade Facilitation Agreement.