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Indian Rupee Advances To 4-day High Vs U.S. Dollar As Govt Notifies FDI

Date : 09/21/2012 @ 1:42AM
Source : RTTF2
Stock : United States Dollar (B) VS Indian Rupee Spot (USD/Inr) (USDINR)
Quote : 60.275  -0.005 (-0.01%) @ 12:04PM
United States Dollar vs Indian R share price Chart

Indian Rupee Advances To 4-day High Vs U.S. Dollar As Govt Notifies FDI

United States Dollar vs Indian R (FX:USDINR)
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2 Years : From Apr 2012 to Apr 2014

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The Indian rupee continued gains against the U.S. dollar in late morning deals on Friday after the government's notification allowing foreign investment in multi-brand retail, aviation and broadcast.

Falling oil prices, speculation that price of levy sugar will be increased and reports that the government is considering easing FDI norms for a few other sectors, including pharmaceuticals also helped lift investor sentiment.

The rupee rallied to a 4-day high of 53.8610 against the greenback with 53.00 seen as the next resistance level. The greenback-rupee pair closed yesterday's deals at 54.2605.



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