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Rupee recovers for 2nd day, still shaky
The rupee appreciated on Friday for the second day in a row, with help from exporters as they took advantage of low levels and aggressive intervention by the Reserve Bank of India (RBI). Lack of participation from oil marketing companies and recovery in the euro also helped the rupee gain against the dollar. On Friday, it recovered most of the week’s losses and closed at 55.38 per dollar. This
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