18 July 2012

Rupee gains tracking Euro strength, at 54.97/$

The rupee rose on Wednesday, extending gains for a second successive session, tracking the euro's strength after the Federal Reserve chief said that the central bank would support the US economy if needed. At 9.01 a.m., the rupee was at 54.97/99 to a dollar as against 55.1250/1450 last close.

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