Wed, 12 February 2014
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11:51
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Rupee trims initial gains vs dollar

The rupee trimmed its initial gains against the American currency, but was still quoted higher by seven paise to 62.15 per dollar on selling of greenbacks by banks and exporters due to weakness of dollar overseas amidst firm equity market.

The rupee resumed higher at 62.08 per dollar as against the last closing level of 62.22 per dollar at the Interbank Foreign Exchange (Forex) market and moved up further to 62.05 on selling of dollars by banks.

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