Rupee trading strong in afternoon trades
Weakness of dollar in the overseas market also boosted the rupee value
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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 continued to trade strong in afternoon trades due to dollar sale by banks and exporters.
However, domestic equity indices were in the red due to which currency dealers felt foreign institutional investors may start churning their portfolio. This would put pressure on the rupee in later trades.
At 12:10PM the rupee was trading at Rs 61.65 compared with previous close of Rs 61.75 per dollar.
However, domestic equity indices were in the red due to which currency dealers felt foreign institutional investors may start churning their portfolio. This would put pressure on the rupee in later trades.
At 12:10PM the rupee was trading at Rs 61.65 compared with previous close of Rs 61.75 per dollar.
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First Published: Dec 06 2013 | 12:20 PM IST