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Rupee forges ahead

MUMBAI: The rupee ended stronger at 40.60/61 against the U.S. currency on Tuesday after touching 40.50 level, buoyed by fresh dollar selling amid increased foreign institutional investment inflows. The Reserve Bank of India again is believed to have intervened to check the rupee's surge when it touched a high of 40.53 during the trading session.

The rupee rallied sharply at the intra-day following sustained dollar selling by traders after China revised the trading band for yuan on Monday. — PTI

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