Rupee at 55.62 a dollar, erases initial losses

July 12, 2012 13:08

The good news at this hour is that the rupee erased early losses today and was trading at 55.62 against the dollar at the Interbank Foreign Exchange Market. The rupee resumed marginally higher at 55.60 per dollar as against the last closing level of 55.63, but fell sharply to 55.74 on good demand for the American currency from banks and importers.

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