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The Indian rupee attained a profit of barely three paise on the capital inflow by international funds. This was based on the expectations that the markets might start in a positive note, in sync with other Asian stock markets.
However, the markets witnessed a weak basket of Asian currencies against the greenback, capped gains.
The domestic currency made a profit of 3 paise to quote at 48.16 over yesterday's close of 48.19/20 in the Interbank Foreign Exchange (forex) market.
Yesterday, there was a fall of six paise against the American dollar. Such issue resulted due to continued drop in domestic stocks on fears of capital outflow from foreign funds.
According to the forex dealers, the prediction for the markets to open on a positive note buoyed the rupee sentiment.
After a brief repercussion on news of negative inflation, the BSE Sensex dropped again, losing yet another 257.31 points or 1.77 per cent to settle the day at 14,265.53 from its previous close. Hindustan Times, PTI
June 19, 2009
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