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Sensex closes lower, rupee strengthens

The Indian rupee meanwhile strengthened on speculation overseas investors' purchases of local corporate debt will boost demand for the currency. The rupee advanced 0.2% to 49.2320 per dollar, taking gains for the month to 0.5%, according to data ...
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'Class A' fake notes stump officials

In this cat and mouse game between cops and forgers, the Indian rupee has emerged as the currency of choice, overtaking the US dollar in 2011, accounting for 10700 pieces — or 44 per cent — of the top five fake bank notes (24000) of different ...
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India Bonds Fall In Absence Of Buyback Announcement; Rupee Gains

In the currency market, the Indian rupee's gains were limited against the US dollar due to weak local stocks and some dollar demand from importers, though corporate borrowing related inflows kept the local currency in the positive territory.
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Indian rice exporters expect Iran sales credit soon

India said last week its exporters should be able to receive payments in the restricted rupee currency for sales to Iran to help maintain trade, despite US banking sanctions. "I think it will be operational this week," Vijay Setia told Reuters on the ...
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Indian Shares Close Lower

By GURDEV SINGH VIRK MUMBAI – Indian shares closed lower Wednesday, snapping three sessions of gains, as investors took profits ahead of the monthly derivatives contracts expiry. The Bombay Stock Exchange's Sensitive Index fell 283.36 points, or 1.5%, ...
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Foreign Investors Buy Net 14.95 Billion Rupees of Indian Stocks

Foreigners bought 40.9 billion rupees of shares and sold 26 billion rupees, the Securities & Exchange Board of India said on its website today. The flows helped the benchmark BSE India Sensitive Index post its best January gain since 1994 and fueled ...
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Review of Economy 2011-12: Summary

The pressure on the Balance of Payments (BoP) – both in regard to a larger than expected Current Account Deficit (CAD) and lower than expected net capital inflows – resulted in a very sizeable depreciation in the external value of the Indian rupee.
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Gold futures seen easing from 2-week high

MUMBAI: India gold futures are likely to ease from their highest level in more than two weeks following global markets, and a firm rupee at home, analysts said. The most-traded gold for April delivery on the Multi Commodity Exchange (MCX) last traded ...
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Indian rupee rises on robust inflows; consolidation likely

Foreign funds have invested over $8 billion in Indian stocks and debt since the start of January, according to the Securities and Exchange Board of India. At 10:19 am (0450 GMT), the rupee was at 49.19/20 to the dollar, stronger than Tuesday's close of ...
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MCX raises $19.4 mln in pre-IPO share sale

| MUMBAI (Reuters) - India's Multi Commodity Exchange (MCX) has raised about 956 million rupees from 12 cornerstone investors, the company said, ahead of its initial public offering of shares that aims to raise as much as $134 million.
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