Rupee hits back strongly

At 60.03/04 per dollar

Rupee recovered from near two month low on Tuesday (17 June 2014) at 60.03/04 per dollar, against its previous close of 60.1550/1650 on Monday.

Rupee gained strongly thanks to RBI chief's assurance that India is prepared to deal with external shocks, RBI selling dollars via state-run banks supported the increase.

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