23.5.14

Rupee @ a 11-month high

The rupee on Thursday rose by 32 paise, its biggest single-day gain in a week, to close at over 11-month peak of 58.46 against dollar following renewed selling of the US currency by exporters and a recovery in local equities. A firm dollar overseas and mild capital outflows capped the rupee rise after it depreciated by 18 paise in previous two sessions.

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