Rupee grows stronger

At 61.51/52 per dollar

Indian rupee strengthened on Wednesday (23 October 2013) at 61.51/52 per dollar, versus its previous close of 61.6550/6650 in the forex market as the greenback fell against other currencies overseas after the weak US jobs report fuelled hopes the Federal Reserve to keep its stimulus programme in place. Besides, increase in dollar selling by the exporters and a higher opening in the domestic equity market also supported the rupee to grow stronger.

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