Rupee on Thursday (16 May 2013) closed just paise higher at 54.77 against US dollar on better local equities.
Interbank Foreign Exchange (Forex) market, the local unit commenced nearly flat at 54.77 per dollar from last close of 54.78. It moved in a range of 54.65 and 54.89 before settling at 54.77, showing a rise of one paisa. Yesterday, rupee had closed 3 paise higher.
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