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Forex »
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Rupee likely to be rangebound
August, 26th 2009

On Tuesday, the spot rupee ended lower at Rs 48.75 per USD as against its previous close of Rs 48.61 per USD.

According to N Subramaniam, Pinnacle Forex, the rupee is likely to be rangebound today between Rs 48.60-48.90 per dollar. Expect dollar supply at Rs 48.90 per dollar level. The currency will also take cues from the equity market.

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