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Rupee at new 3-month high on inflows, shares

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Reuters Mumbai
Last Updated : Mar 05 2013 | 8:51 PM IST

The rupee climbed to a three-month high on Friday, propelled by dollar inflows and gains in the local share market.

* At 3:02 pm, the rupee was at 48.73/74 to the dollar, close to the day's high of 48.72, a level not seen since October 31. It at 49.15/16 on Thursday.

* Traders said US jobs data at 1330 GMT (1900 IST) would be crucial in deciding the direction of the rupee next week as the data is expected to offer clues on global growth and appetite for risk.

* The US economy is expected to have generated 150,000 jobs in January, keeping the unemployment rate steady at 8.5%.

* The BSE Sensex was up 1% in afternoon trading.

* Foreign funds have bought Indian shares worth $2.6 billion so far this year, while investing $3.2 billion in debt, data from the Securities and Exchange Board of India shows.

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First Published: Feb 03 2012 | 12:00 AM IST

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