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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 3 paise against dollar in early trade
September, 08th 2010

The rupee today appreciated by 3 paise to Rs 46.81 a dollar at the Interbank Foreign Exchange market in early trade on dollar selling by banks.

However, weak opening on the stock market and dollars strength against other currencies, capped rupees gain.

Forex dealers said selling of dollars by banks helped rupee to strengthen, but capital outflows by foreign funds and dollars gains against other currencies restricted rupees gain.

The rupee had ended 30 paise lower at Rs 46.84/85 against the dollar in the previous session.

Meanwhile, the Bombay Stock Exchange index, Sensex fell by 104.41 points to 18,540.65 points in the opening trade today.

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