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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

Rupee inches up against Dollar in early trade
December, 09th 2010

The India rupee moved up marginally by 1 paise to Rs 45.07 against dollar in the early trade today at the Interbank Foreign Exchange, supported by dollar's weakness against other major currencies.

Forex traders said that besides dollar's weakness against other currencies, positive opening at the bourses also supported the rupee.

Rupee had ended 44 paise lower at 45.08/09 against the US dollar in the previous session, following weakness in domestic equity market amid fresh dollar demand from importers and banks.

Meanwhile, the BSE 30-share index Sensex was up by 74.61 points or 0.38 per cent at 19,771.09 level in the opening trade.

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