Despite the central bank intervention, the Indian rupee ended stronger on Monday as investors expect fresh capital inflows in the coming days.
Mumbai |
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Despite the central bank intervention, the Indian rupee ended stronger on Monday as investors expect fresh capital inflows in the coming days.
The rupee ended at 39.455/460 per dollar, stronger than Friday’s finish of 39.48/49. It rose to a high of 39.38 in early deals, just shy of last week’s peak of 39.26, which was its strongest since March 1998. “Things were quiet today — after the move in the morning, things were just about steady,” a dealer with foreign bank said.
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