The Indian currency on Jan 29 remained stable and ended the day at Rs 39.3750/3850 against greenback amid fairly good demand for the US currency. The local currency resumed stronger at 39.34/35 a dollar following a sharp surge in Asian stocks and amid expectations of a repo rate cut by the central bank. The Indian unit dropped to 39.42 level, after a sharp fall in local stocks and the Reserve Bank''s announcement of quarterly review of monetary policy.
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