The Indian rupee strengthened against the dollar on Tuesday . The rupee was at 54.70 to the dollar, up 57 paise from Monday’s close of 55.43, a level last seen on June 11.
The Rupee had strengthened on Monday on the back of dollar sales by investors, following some clarity on certain taxation rules, as also by others looking to bid at the auction for government debt limits. It was also buoyed by the surge in regional stocks after European leaders agreed to shore up the region's troubled banks, continuing its winning streak from last Friday, when it rose over 2 per cent.
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