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Rupee off lows; foreign banks, exporters sell dollars
February 18, 2013 / 4:34 AM / 5 years ago

Rupee off lows; foreign banks, exporters sell dollars

Reuters Market Eye - The rupee is off one-month lows as dealers cite dollar selling by two foreign banks. Pair at 54.28/29, 54.44 intraday high, versus Friday’s close of 54.22/23.

An employee counts rupee notes at a cash counter inside a bank in Kolkata June 18, 2012. REUTERS/Rupak De Chowdhuri/Files

Dealers cite some dollar selling by exporters taking advantage of rupee at one-month lows.

Pair broke above its 100-day moving average on Friday, currently at 54.1374.

Reporting by Subhadip Sircar

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