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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 slightly up on Asian shares
June, 20th 2008

The rupee started marginally higher on Friday, taking cues from firmer Asian stock markets and lower oil prices.

At 9:10 a.m, the partially convertible rupee was at 42.945/955, up from Thursday's close of 42.97/98.

But traders said inflation data due around noon would hold the key. A poll this week forecast annual inflation rate to have risen to a 13-year high of 9.82 percent in early June, higher than the previous week's 8.75 percent.

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