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Domestic Currency Inches Slightly Up vs. Greenback

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Domestic Currency Inches Slightly Up vs. Greenback

March 18
13:13 2015

currencyNew Delhi, Wednesday, March 18 – The local unit slightly gained foothold by 3 paise to be at 62.67 mark in opposition to the greenback at the Interbank Foreign Exchange during Wednesday’s deal that was witnessed in the early hours on persistent offloading of the American currency by exporters.

According to a few FOREX traders, in addition to this, early augments in local stock markets and fragility of the Greenback in opposition to additional key units out of the country too lent a hand to the official currency to register increase.

More to the point, the domestic currency had ended 11 paise up versus the American dollar to be at 62.70 a day ago in the midst of an excellent exhibition by stocks and on offloading of US unit by the banks and exporters. In the meantime, the 30-share index grew up a tad more than 70 points, hitting the 28,806.97 level in the deal seen on Wednesday.

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