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Finance » Money & Forex Markets » Money & Forex Markets
Reuters  |  Mumbai  May 11, 2012 Last Updated at 10:16 IST

Rupee off lows, more RBI measures seen

Trader tips 53.25-53.70 range for session

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Read more on:    RBI | rupee | money and forex
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Rupee now at 53.45/46 after falling to as low as 53.58, with one local trader saying market remains "jittery" about the RBI stepping in.

A state-run bank was on the sell side, but most likely to shed some positions, say traders.

Markets also see potential for some more measures from the RBI beyond intervention, including possible restrictions on currency futures trading.

Trader tips 53.25-53.70 range for session.

Read more on:   
RBI
|
rupee
|
money and forex

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Rupee recovers from record low of 56.52

Snapping the two-day fall, the rupee today recovered 16 paise against the dollar to close at 56.08 after slipping to a record low of 56.52 on ...

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