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« Forex »
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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 gains by another 21 paise
January, 14th 2010

The rupee today gained 21 paise at 45.40 against the dollar in late morning trade on persistent selling of dollars by banks due to the American currency's weakness in the global market and on hopes of more capital inflow into equity markets.

In fairly active trade at the Interbank Foreign Exchange (Forex) market, the local unit opened higher at 45.45/46 per dollar, against yesterday's closing level of 45.61/62. It then moved up further to quote at 45.44/45 per dollar at 1030 hours.

Rupee was later trading in the range of 45.50-45.40.

Forex dealers mainly attributed the rise in the rupee value to recovery in Indian equities.

The Bombay Stock Exchange benchmark Sensex today firmed up by over 100 points from yesterday's close.

In New York, the dollar remained low against most of its big rivals.

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