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 Rupee improves by 33
paise<http://www.timesnow.tv/news_details.aspx?NewsID=19817>

Business News- Times
Now<http://forums.investorline.co.in/aggregator/sources/106>-
*1 hour 14 min* ago

p align=justifyThe Indian rupee today (October 31) improved further by 33
paise to 49.34/35 against the greenback on the back of sharp rise in equity
markets and expectations of fresh capital inflows after slashing of interest
rates by US Federal Reserve.brbrIn active trade at the Interbank Foreign
Exchange (Forex) market, the domestic unit resumed strong at 49.45/47 and
moved up further to quote at 49.34/35 a dollar in late morning deals from
previous close of 49.67/68.brbrIt moved in a range of 49.52 and 49.29 a
dollar.brbrAccording to forex dealers, the rupee got support from sharp rise
in Indian benchmark sensex, which was up by 756 points or 8.36 per cent at
1030 hrs.brbrThey also expects fresh inflows from foreign funds after
cutting of key interest rates by 50 basis points by the US Federal
Reserve.brbrIn New York yesterday, the Dow Jones Industrial Average and the
Nasdaq Composite Index ended higher while Asian indices were quoting mixed
this morning.brbrLack of any dollar buying by oil refiners and importers
also helped the rupee surge.brbrGlobal crude oil was quoting lower at nearly
USD 64 a barrel in Asian trade today. brbrPTI/p

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