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Rapid increase in ‘Rupee’ value

Rapid increase in ‘Rupee’ value

The value of the ‘Rupee’ rises continuously. Rupee rises 23 Paise against dollar in early trade at the Inter bank Foreign Exchange (Forex) market, the domestic unit closed at 65.11 from 64.89.

This is the highest exchange rate between two weeks. The value of rupee increases mainly due to the overselling of US dollor by exporters and banks.

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