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| INR vs USD 1 Year Chart |
Persistent dollar demand from banks and importers on the back of a higher dollar in the New York market mainly affected the rupee value against the American currency.
In New York, the dollar extended its gains yesterday after Federal Reserve Chairman Ben Bernanke said he wasn't worried that the increase in inflation earlier this year would persist, but he didn't elaborate on how the central bank could ease the rate of price rise further.
In New York, the dollar extended its gains yesterday after Federal Reserve Chairman Ben Bernanke said he wasn't worried that the increase in inflation earlier this year would persist, but he didn't elaborate on how the central bank could ease the rate of price rise further.
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