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 Perils of an ad hoc forex policy
 Rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade
 Rupee strengthened by 7 paise against dollar
 Rupee up by 4 paise against dollar in early trade
 Rupee falls by 18 paise at 4-week low against dollar
 Rupee drops on weak shares; inflation eyed
 Rupee raises 6 paise against dollar in early trade
 Rupee among most traded in futures market
 Indian rupee gain 12 paise against US dollar
 Rupee marginally rise up by 1 paise against US dollar
 Rupee drops tracking euro, choppy shares

Indian rupee surged by 16 paise to Rs 44.88 per dollar
December, 30th 2010

The Indian rupee surged by 16 paise to Rs 44.88 per dollar at the Interbank Foreign Exchange in early trade today, boosted by dollar weakness against other Asian currencies and a higher opening in the stock market.

The rupee had gained 5 paise to close at Rs 45.04/05 in the previous session on sustained dollar-selling by exporters and banks.

Forex dealers said dollar weakness against other Asian currencies and the euro, in addition to a higher opening in the stock market, supported the rupee gains.

Meanwhile, the Bombay Stock Exchange benchmark Sensex rose by 81.71 points, or 0.40 per cent, to 20,337.74 in opening trade today.

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