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Sensex 73,583.22 -2.25% ↓ Nifty 22,836.95 -2.01% ↓ 22k Gold ₹ 13,575/gm Silver ₹ 2,45,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 105.02 USD ₹ 94.78
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Rupee trades steady at 61.97 to the dollar
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rupee-dollar
INR
94.782United States Dollar
The rupee was trading steady at 61.97 to the dollar in early trade. The currency was up three paise over Tuesday's close.

Dealers say that the current has exhibited more stability and is now less volatile to news emanating with regards to the US Fed tapering its QE3 programme.

The rupee it maybe recalled had fallen substantially last year and in September the currency hit a historic low of 68.81 against the dollar.

However, the government has initiated a number of steps which has managed to reduce the current account deficit and ensure that the currency remains more stable.

GoodReturns.in

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Story first published: Wednesday, February 26, 2014, 10:30 [IST]
See More On: dollar, currency, qe3 programme
Other articles published on Feb 26, 2014

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