The rupee has gained 36 paise against dollar and was seen at a high of 52.66 as exporters and banks sold dollar heavily. Subsequent to the QE3 announcement by US Federal Reserve dollar has weakened considerably.
Dollar has also weakened against Euro. Yesterday data suggested that the US second quarter final GDP was stuck at 1.3% compared to 1.7% previous data.
August durable goods orders dipped 13.2% compared to 5.0% expected. This had lent an upside to international gold prices on Thursday. Via
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1 comments:
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