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Domestic Currency Continues Rising Trend vs. Dollar

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Domestic Currency Continues Rising Trend vs. Dollar

February 26
15:19 2015

rupe1New Delhi, Thursday, February 26 – On latest selling of the Greenback by exporters in the course of better foreign fund inflows, the domestic currency registered gain of 4 paise to be at 62.05 mark in opposition to the US unit in the deal witnessed on Thursday, February 26, at the Interbank Foreign Exchange market.

More to the point, several forex traders cited that in addition to selling of the dollar by exporters and banks, an elevated start in the local stock market backed the domestic unit, however, profit was restricted by Greenback’s robustness vs. additional currencies abroad.

Besides this, not to forget that the Indian currency had jumped by 23 paise to finish at 61.97 a day ago on hopefulness over the ‘soon to be announced’ Budget and continuous offloading of American currency by banks.

In the intervening time, the 30-share gauge logged slight augments and was up by 61.14 points to hit at the level of 29,069.13 in the deal that took place in the early hours today.

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