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Friday, June 28, 2013

Epic Indian Rupee Update


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Indian rupee recovered further quite sharply Friday after the Cabinet Committee on Economic Affairs (CCEA) decided to hike gas price to higher-than-expected at USD 8.4 mmBtu from USD 4.2 mmBtu.

The rupee appreciated by 28 paise to 59.91 per dollar in early trade, after opening at 60.02 as against previous day’s closing of 60.18 per dollar.
 
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