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Rupee extends gains after exports hit $300 billion in 2012/13

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Reuters MUMBAI

MUMBAI (Reuters) - The rupee extended gains on Thursday after the government said exports had hit $300 billion for the fiscal year ended in March, which was higher than some estimates.

India's exports for 2012/13 stood at $300.6 billion, marking a 1.76 percent decline from the previous fiscal year, the trade ministry said in a statement.

The rupee was trading at 54.04 as of 12:28 p.m. versus around 54.18/19 before the data. It had closed at 54.21/22 on Wednesday.

(Reporting by Subhadip Sircar; Editing by Rafael Nam)

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First Published: Apr 18 2013 | 12:29 PM IST

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