Rupee extends gains after exports hit $300 bln in 2012/13

Last Updated: Thu, Apr 18, 2013 06:54 hrs

The Indian rupee extended gains on Thursday after the government said exports had hit $300 billion for the fiscal year ended in March, which was higher than some estimates.

India's exports for 2012/13 stood at $300.6 billion, marking a 1.76 percent decline from the previous fiscal year, the trade ministry said in a statement.

The rupee was trading at 54.12/13 as of 0600 GMT versus around 54.18/19 before the data. It had closed at 54.21/22 on Wednesday.

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