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Indian Currency Gains Foothold Slightly in the Morning Trade

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Indian Currency Gains Foothold Slightly in the Morning Trade

November 10
12:34 2014

rsNew Delhi, Monday, November 10 – The domestic unit of India pulled through by 15 paise to 61.47 in opposition to the dollar in the early deal on new offloading of the greenback by banks and exporters as a result of solid foreign capital inflows.

In addition to this, the currency of Indian recommenced up at 61.45 each dollar in opposition to 61.62 – a level observed earlier week at the Interbank Foreign Exchange (Forex) market and drifted between 61.44 and 61.49 per dollar prior to citing at 61.47 during trade observed at the early hours.

If words of a forex trader are to be trusted then banks and exporters chose to offload the US currency taking into consideration robust foreign capital inflows into the local market.

More to the point, post striking a record peak stage of 28,027.96, the 30-share index was changing hands being lower by 9.18 points, or say 0.03 %, to hit at the mark of 27,859.45.

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