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Rupee ends at 1 week high on upbeat GDP data; gains 4 paise vs USD

Heavy unwinding of long dollar positions by banks and exporters alongside extended RBI intervention in the forex market predominantly helped the up move

Press Trust of India  |  Mumbai 

Extending gains for the third straight day, the rupee on Thursday ended at one-week high of 68.34 against the resurgent dollar following robust macro-economic data even as crude prices jumped after the historic Opec deal. Stretching its strong recovery momentum for the third straight day, the home currency managed to sidestep the early volatility to end higher by 4 paise against the previous close of 68.38 per dollar. It had closed at fresh 2016 low of 68.76 on Monday. Heavy unwinding of long dollar positions by banks and exporters alongside extended RBI intervention ...

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First Published: Thu, December 01 2016. 19:33 IST
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