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Friday, January 09, 2009

52paise stronger than...

Rupee turns stLeading fund managers reportedly ruled out the possibility of any capital outflow because of the Satyam scandal. Despite the dollar's firmness against major world currencies in global markets, they said a sudden bout of dollar sales led a strong recovery in the rupee, which was under pressure in early trade due to weakness in equity markets. The rupee also drew support from the absence of any dollar demand from oil refiners during the day. The Indian benchmark Sensex shed another 180.41 points or 1.88 per cent today even as Asian indices ended lower.

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