Shares rebound ahead
On July - 3 - 2009
The rupee recouped early losses and rose on Friday, helped by gains in local shares ahead of the budget but the dollar’s strength against major currencies curbed a further increase.
The partially convertible rupee ended at 47.89/91 per dollar, compared with 47.95/96 at close on Thursday when it had strengthened during trade to 47.74, its highest since June 16. It rose 0.4 percent on the week.
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