Rupee had plummeted to 57.15/dollar in June, but has sharply bounced back to close at Rs 52.85 last Friday
MARKETS-INDIA-RUPEE:Rupee opens lower awaits Fed outcome
After RBI eased norms, allowing corporates & exporters keep their entire forex earnings in respective foreign currency for limited period
Prudent practices have ensured earnings growth of 30%, but valuation appears stretched
Dollar's gains against euro in overseas mkts and weak opening in stock mkt put pressure on rupee
Loses 31 paise, hits fresh one-week low due to strong demand for dollar from banks & importers
Strong equities market in India also helped rupee gain on the back of FII inflows
Continued capital inflows & euro's gains against dollar overseas kept rupee sentiment firm
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Higher opening in equity mkt buoyed by Chidambaram's promise of bringing economy back on track, supported rupee
Erased initial gains on fresh demand for the American currency from banks and importers