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Thursday, April 02, 2009

Rupee rises


Ends at 50.33/35 per dollar

Rupee rose to its highest in more than a month on Thursday as a rally in local and foreign stocks raised hopes of increasing risk appetite among investors that could lead to more fund inflows.

Rupee ended at 50.33/35 per dollar from a previous close of 50.71/.72. In early deals the rupee hit 50 per dollar, its highest since Feb. 25.