Forex tips
The rupee strengthened by 6 paise to 62.25 against the dollar in early trade today at the Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks. Forex dealers said besides selling of the American currency by exporters and banks, a higher opening in domestic stock market supported the rupee. The rupee had ended 9 paise lower at 62.31 against the US currency in yesterday's trade on fag-end dollar demand from banks and importers amid sharp fall in stock markets.
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