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Rupee trades weak at 59.16 to the dollar
INR
83.291 | United States Dollar |
Dealers say that the RBI may intervene should the currency appreciate dramatically, though they fell that the rupee may have finished gains as the euphoria surrounding the new govt has now subsided.
Forex markets may now want to see action from the government as a lot of expectations have been built up. The rupee is likely to trade in a range until the Union Budget, which could be the next trigger for the forex markets. Check currency rates here
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Story first published: Wednesday, May 28, 2014, 9:12 [IST]