Rupee recovers a bit as CAD position improves

27 Jun 2013

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The Indian rupee gained some ground today, but was still trading at historic lows on Thursday.

The rupee recovered from an all-time low of 60.76 a dollar on Wednesday to 60.60 a dollar at noon today, as the country's current account deficit narrowed in the January-March quarter.

(See: India's trade deficit narrows in Q4; but still at record highs)

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