Thursday, Oct 30, 2003
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The forex spot trading remained quiet and range-bound due to lack of market-moving factors. Light dollar demand was evenly matched by available supplies.
The anticipated month-end dollar demand did not emerge today, but the market should brace up for residual purchases tomorrow, dealers said. The rupee rallied smartly yesterday, gaining by over 7-1/2 paise on the back of strong foreign fund inflows.
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