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Rupee in tight band ahead of Diwali holidays
November 9, 2012 / 5:32 AM / 5 years ago

Rupee in tight band ahead of Diwali holidays

Reuters Market Eye - The rupee is trading in very narrow band ahead of Diwali holidays next week. Pair at 54.33/35 versus Thursday’s close of 54.36/37. It has traded in a 54.27-54.38 band.

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

FX markets shut on Nov 13 and Nov 14 for Diwali holidays.

Pair opened lower helped by some recovery in euro in Asian session.

Private bank dealer tips 54.10-54.95 band next week.

Sentiment on INR has turned negative again, as per a Reuters poll of forex strategists.

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