Tuesday, December 16, 2008

Rupee Strengthens, Ends At 48.05 - Dec 16, 2008

Rupee retreated from one month highs but still closed stronger on Monday ( December 15) as gains in the domestic equity market lifted expectations of fresh inflows and offset dollar demand from oil refiners. Rupee closed at 48.05/06 per dollar, off its high of 47.92, its strongest since November 11, but gained 0.8 percent from its previous close of 48.43/45.

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