Indian rupee recovers against USD on governments' decision of increasing diesel prices

Indian rupee moved up sharply by 0.71p against US dollars on factors like government decision to hike diesel prices by Rs 5/l will help bringing down fiscal deficit.

Also some positive sentiments in global market. Euro rose against dollar as US federal reserves announces further monetary easing policy to boost global economy.

Indian rupee trades at 54.72 against US dollar in the early trade.     


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