Indian rupee recovers 31 paise to 61.85 vs US dollar on strong equities

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A sharp fall in the dollar overseas and continued capital inflows also boosted the Indian rupee. Reuters A sharp fall in the dollar overseas and continued capital inflows also boosted the Indian rupee. Reuters
SummaryThe Indian rupee strengthened on Friday against the US dollar as shares.

yesterday. Far-forward contracts maturing in November slipped to 468 to 469-1/2 paise from 469-471 paise.

The RBI fixed the reference rate for the dollar at 62.0595 and for the euro at 85.2748.

The rupee dropped further to 102.15 against the pound from 101.81 previously and dipped to 85.53 against the euro from 85.12.

It rose to 59.01 per 100 Japanese yen from 59.34.

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