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Rupee ends flat against dollar.


Date: 15-01-2010
Subject: Rupee ends flat against dollar

Mumbai, Jan 14 (PTI) The Indian rupee today closed flat at 45.62/63 a dollar after paring its early gains due to fag-end buying of the US currency by exporters.

In fairly active trade at the Interbank Foreign Exchange (Forex) market, the domestic unit opened remarkably higher at 45.45/46 a dollar against its previous close of 45.61/62.

Later, it moved in a wide range of 45.40 and 45.68 before concluding the day at 45.62/63 a dollar.

Dealers said that dollar selling by banks and hopes of increased capital inflows mainly helped the rupee rise in morning deals.

However, dollar buying by exporters in the later part of the session mainly weighed on the rupee and it ended flat.

The Indian benchmark Sensex today ended up 75.07 points, or 0.43 per cent, while most of the Asian indices too showed firm trend at the end.

Source : PTI


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