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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
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 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
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 Rupee drops tracking euro, choppy shares

Rupee gains 10 paise
March, 23rd 2010

The Indian rupee appreciated by 10 paise to 45.48 a dollar in early trade today on firm Asian currencies amid increased capital inflows by foreign funds into equities.

At the Interbank Foreign Exchange (Forex) market, the rupee strengthened by 10 paise to 45.48 a dollar. The domestic currency had closed 8 paise lower at 45.58/59 in the previous session.

Forex dealers said the rupee strengthened against the US currency largely in line with other firming Asian currencies and dollar selling by banks and exporters.

Besides, fresh capital inflows by foreign funds into equities also supported the Indian rupee, they added.

Meanwhile, the Bombay Stock Exchange benchmark Sensex rose by 120.22 points, or 0.69 per cent to 17,17,530.79 in the opening trade today.

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