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Thursday, May 21, 2009

Rupee rises


Ends at 47.37/38 per dollar

Rupee rose back towards its 2009 high on Thursday, bolstered by broad weakness in the dollar and expectations of a jump in foreign investment after the ruling coalition won national elections.

Rupee ended at 47.37/38 per dollar, off an early peak of 47.28, but still above Wednesday's close of 47.47/48.