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Exercise reeling fish in — it isn't worth much (6)

Ross

I believe the answer is:

peanut

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But I can't explain it at all! Could you help me understand?

(Other definitions for peanut that I've seen before include "Groundnut" , "grows in the ground" , "Tasty edible seed, often salted" , "One of little importance -- ante up (anag)" , "Singularly little money" .)

I've seen this clue in The Hindu.
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