Indian rupee gains, heavy RBI hand seen

Sep 04 2013, 17:21 IST
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Boys run near a sand sculpture of the rupee created by sand artist Sudarshan Pattnaik at golden sea beach at Puri in the eastern Indian state of Odisha. (Reuters) Boys run near a sand sculpture of the rupee created by sand artist Sudarshan Pattnaik at golden sea beach at Puri in the eastern Indian state of Odisha. (Reuters)
SummaryYesterday, Indian rupee fell by a whopping 163 paise to close at 67.63 on on tension over Syria.

The Indian rupee gained on Wednesday as heavy US dollar selling by state-run banks, which dealers cited as likely on behalf of the central bank, helped offset early losses.

The Indian rupee closed at 67.065/075 to the US dollar as against Tuesday's close of 67.63/64. It had fallen to 68.62 in early session, not far from its record low of 68.85 seen last week.

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