Rupee strong on dollar sale by exporters, banks
Could be under pressure later due to month-end dollar demand
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<a href = "http://www.shutterstock.com/pic-107807486/stock-photo-image-showing-folded-indian-notes-of-rs.html?src=p5N32CFr8-mqwY5wKad6IA-1-21" target="_blank"> Rupees image </a> via Shutterstock.com
The rupee was trading strong in morning trade due to dollar sale by exporters and banks.
At 10:20 am, the rupee was trading at Rs 62.48 compared with Friday's close of Rs 62.83 per dollar.
However, currency dealers see month end dollar putting pressure on the rupee later during the day.
At 10:20 am, the rupee was trading at Rs 62.48 compared with Friday's close of Rs 62.83 per dollar.
However, currency dealers see month end dollar putting pressure on the rupee later during the day.
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First Published: Nov 25 2013 | 10:30 AM IST