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Rupee opens strong at 59.66 to the dollar
INR
83.594 | United States Dollar |
Also, with the Union Budget a few days away the currency has gained ground on hopes that there would be several reforms that are likely to be initiated in the Budget.
However, the currency is unlikely to gain ground significantly ahead of the Budget and may trade in a range. The rupee has been one of the best performing currencies across Asia, on hopes that a stable government would unleash reforms. The currency had fallen to a historic low of 68.86 against the dollar in August last year. Check currency rates here
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