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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 20 paise against US dollar
May, 24th 2010

The Indian rupee appreciated by 20 paise to 46.76 a dollar in early trade at the Interbank Foreign Exchange today on fresh capital inflows by foreign funds into equities.

However, the US currency's gains against major currencies overseas, capped the rupee's rise.

The domestic currency had closed 15 paise lower at 46.96/97 after hitting a six-and-a-half-months low of 47.33 in the previous session.

Forex dealers said the rupee strengthened against the US currency largely on the back of increased capital inflows by foreign funds into equities.

Meanwhile, the Bombay Stock Exchange benchmark Sensex surged 279.30 points, or 1.69 per cent at 16,724.91 points in the opening trade today.

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