Rupee soars to new high

The rupee resumed lower at 45.52/53 per dollar, against its Thursday’s closing level of 45.49/50 recovered sharply towards the fag end of the day to close at 45.23/24 per dollar.  The highest in over 18 months, due to heavy selling of dollars by banks and exporters on hopes of further capital inflow into the equity market that has been on a steady rise.

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