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Wednesday, May 20, 2009

Rupee pares gains


Ends at 47.75/77 per dollar

Rupee extended its post-election rally on Tuesday but ended off a five-month high hit in early trade due to suspected RBI's intervention to stem its rise and a flat close in the stock market.

Rupee ended at 47.75/77 per dollar, 0.3% stronger than Monday's close of 47.88/90.