Moving in line with equity market, the rupee recovered 60 paise to 53.70 a dollar today on fresh selling of the American currency from banks and exporters amid expectations of more foreign capital inflows.
With Indian government standing firm on bringing FDI in retail and aviation sector, sentiments remained bullish.
Experts believe that it is a good move and will certainly help India bringing down its fiscal deficit. Rupee might also touch 52 in coming weeks experts further reported.
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