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Rupee range-bound; FIIs continue to buy shares, debt

The dollar index hits 13-month high

Reuters
The rupee slipped to 60.4425/4450 from its previous close of 60.4335/4450.
 
The USD/INR pair is stuck in a narrow range as dollar gained offset by foreign buying.
 
Dollar index is still near 13-month high.
 
But rupee is supported as FIIs bought a net $105 million of debt on Monday and $60.4 million (provisionally) in shares on Tuesday.
 
The Nifty gained, nearing record highs.
 

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First Published: Aug 27 2014 | 1:26 PM IST

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