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Rupee closes at 17 week high against US dollar

Rupee closes at 17 week high against US dollar

Friday, March 10, 2017, 5:48 PM

The Indian rupee on Friday, closed at a 17 week high against the US dollar, ahead of the final results of the assembly elections, which will be declared on Saturday. Gains in the currency were due to continued buying from foreign investors in the local equity and debt markets. Between 2-8 March, FII’s bought $1.3 billion in equity and $150 million in debt.
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