THE RUPEE: parity stays put

Posted by 7Star Thursday, May 28, 2009

No change was seen in the rupee-dollar parity rates on the interbank market on Wednesday, the rupee overnight levels for buying and selling holding at 80.55 and 80.60, marketmen said. Dollar selling in the market eased pressure over the rupee as the rupee touched the high mark of 80.66 and it seems that the rupee might trade in the range of 80.60 in the near future, they added.

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