Rupee gains 40 paise
By Our Banking Bureau | 30 Mar 2004
Mumbai:
Thanks to continuous dollar inflows the rupee gained
40-paise against the dollar, closing at 44.06/07 per
dollars. According to market analysts, the rupee could
soon breach the R3 43 mark.
On a week-on-week basis, the rupee has appreciated by
100 paise from its closing levels in the previous week.
Currency analysts and forex dealers are of the that the Reserve Bank of India is allowing the domestic currency to appreciate.
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