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Rupee falls in afternoon trade |
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India rupee fell again in the red in afternoon trade Thursday as oil refiners scaled up dollar purchases to meet month-end import commitments.
At 1:50 pm, the partially convertible rupee was at 43.78/79 per dollar, weaker than Wednesday's close of 43.71/72.
However, but a steeper fall was curbed by expectations of the RBI intervention. The RBI intervened in the market after the rupee fell to 44.26 on Tuesday and helped it recover some of its losses.
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All bullion contracts showed negative trend. Gold December 09 contract went down by 1.80% to Rs 14408 per 10 grams. Gold M July 09 contract shrank by 1.51% at Rs 14452 per 10 grams. Gold guinea July 09 contract went down by 0.71% to Rs 11467 per 8 gr |
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Hourly update on prices of key gold and silver futures on Multi Commodity Exchange of India. Change compared with previous end. |
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Gold priced remained firm in the Mid London trade thanks to the closure of US equity markets despite the strength in the dollar. However, the domestic counter was seen down. |
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