Rupee gains; lower than expected c/a gap helps

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Reuters MUMBAI
Last Updated : Oct 01 2013 | 9:40 AM IST

MUMBAI (Reuters) - The rupee gained on Tuesday, with the currency finding some support from a lower-than-expected June quarter current account gap, though a looming U.S. government shutdown continued to weigh.

The rupee rose to 62.47/49 to the dollar versus its Monday's close at 62.60/61.

India's current account deficit grew less than expected in the June quarter and is tipped to ease in coming months as a pick-up in exports and lower gold imports improve the trade balance, offering relief to the battered rupee.

(Reporting by Subhadip Sircar; Editing by Anupama Dwivedi)

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First Published: Oct 01 2013 | 9:25 AM IST

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