Recently the author reported the feasibility of envisioning a scenario where a massive permanent magnetic dipole bounces off and oscillates about an invisible horizontal magnetic net in the presence of gravity. The scenario has been revisited, modifying its physical contents. The modification embodies analysis of the impact of the induced current due to the falling magnetic dipole. The induced current counteracts the conduction current and alters the dynamics and kinematics of the motion. This rapid communication reports the recent advances.
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