Rupee gains after RBI policy review
Month-end demand from importers is seen aiding the pair
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<a href="http://www.shutterstock.com/pic-145704104/stock-photo-indian-currency-rupees-and-coins.html?src=p5N32CFr8-mqwY5wKad6IA-1-63" target="_blank"> Rupee image </a> via Shutterstock.com
The rupee fell to as low as 61.71 after the RBI policy review before gaining to trade at 61.59.
The rupee/dollar pair closed Monday at 61.53/54.
The RBI kept its key policy repo rate unchanged at 8% on Tuesday.
The dollar is on track to post its biggest monthly gain in over a year.
Asian currencies are trading mixed versus the dollar.
Month-end demand from importers is seen aiding the pair.
Nifty is trading up 0.87%.
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First Published: Sep 30 2014 | 1:10 PM IST
