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Today Rupee against dollar was also strong on Tuesday. In the early trading,
the rupee was trading at 71.12 with the strength of 6 paise. The rupee got
support from selling dollars of exporters and banks.
Forex dealers say that today the
industrial production figures will be released. Retail inflation figures will
also come in January. These will be the eyes of the businessmen. On the other
hand, the weakness in the dollar compared to other currencies in the world has
strengthened the rupee. Apart from this, the purchase of foreign funds in the
domestic stock market has also received support from the rupee.
Opening at rupee 71.21 level in
the morning. But, quickly came to level 71.12 with strength. The rupee had
climbed 13 paise to close at 71.18 against the dollar on Monday. Strengthening
the rupee in the last few sessions has continued.
Commodity Market Expert
said in its report, "Investors' eyes will remain on issues related to
breakage this week. Good news related to this issue can be strengthened in Euro
and British pounds.
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