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Local Unit Edges Up vs. Greenback in Morning Trade

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Local Unit Edges Up vs. Greenback in Morning Trade

February 23
13:21 2015

rsNew Delhi, Monday, February 23 – The local currency grew slightly stronger in the deal witnessed Monday morning at the Interbank Foreign Exchange market on bigger offloading of the Greenback by exporters and banks.

Here is to mention that it was up by 7 paise to hit the mark of 62.15 in opposition to the foreign currency. According to some of the forex traders, the official currency of the nation was backed by an advanced start in the local stock market and the fragility of the US unit in opposition to additional currencies out of the country apart from selling of the dollar by banks and exporters.

Beside this, the Indian unit had ended the trading session late last week with an increase of 12 paise in opposition to the Greenback at 62.22. More to the point, the 30-share index logged an augment of 113.19 points to strike at 29,344.60 in today’s trade observed in the early hours.

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