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Rupee at one-week high on continued flows
January 10, 2013 / 4:48 AM / 5 years ago

Rupee at one-week high on continued flows

Reuters Market Eye - The rupee rises to a one-week high on continued custodial inflows. The pair at 54.58/59 versus last close of 54.75/76. It slipped to 54.57, lowest since January 3.

An employee uses checks a currency note at a cash counter inside a bank in Mumbai June 21, 2010. REUTERS/Rupak de Chowdhuri/Files

“Good flows continue to hit the market. Oilers are doing sporadic buying, but are well supplied,” says private bank dealer.

The pair has immediate support at 200-DMA at 54.5550.

Reporting by Subhadip Sircar

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