The rupee on Jan 9 ended flat at 39.28/29 against the US dollar in extremely narrow movements in the absence of any worthwhile market moving factor.The Indian unit was trapped in a range of 39.22 and 39.32, largely influenced by erratic equity market in the face of anticipation of sizable capital inflows via a mega IPO of Reliance Power. In quiet trade at the Interbank Foreign Exchange (Forex) market, the local currency remained under pressure and moved in a limited range after resuming weak at 39.29/30 a dollar from yesterday''s close of 39.27/28 a dollar.
Thursday, January 10, 2008
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