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Rupee up on increase in FII company bond limit

Rupee up on increase in FII company bond limit
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First Published: Mon, Feb 28 2011. 12 04 PM IST
Updated: Mon, Feb 28 2011. 12 04 PM IST
Mumbai: The rupee rose on Monday after the budget increased foreign institutional investment (FII) limit in corporate infrastructure bonds by $20 billion to $40 billion.
At 11:27am, the partially convertible rupee was at Rs 45.18/19 per dollar, from Rs 45.25 before the announcement. It had closed at 45.31/32 on Friday.
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First Published: Mon, Feb 28 2011. 12 04 PM IST
More Topics: Markets | India | Rupee | Currency | Dollar |