The rupee on Oct 15, recovered smartly against the US currency and was quoted four paise higher in morning trade, buoyed by a sharp rally in Asian equity markets and heavy capital inflows. In a quiet trade at the Interbank Foreign Exchange (forex) market, the local currency resumed steady at 39.34/36 a dollar from Oct 12, close of 39.35/36 a dollar and later firmed up to 39.31/3150 a dollar in late morning deals.
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