July 16, 2012 / 3:58 AM / 5 years ago

Rupee at over 1-week high as risk rally gains

A shopkeeper poses for a picture as he counts Indian currency notes at his shop in Jammu May 16, 2012.Mukesh Gupta/Files

MUMBAI (Reuters) - The rupee strengthened to more than a week high in early session on Monday, bolstered by a rebound in equities and commodities after the latest China economic data came in less dire than feared.

At 9:02 a.m., the rupee was at 54.89/90 to a dollar as against 55.14/15 last close.

Reporting by Archana Narayanan; Editing by Gopakumar Warrier

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