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Rupee soars to 7-yr high

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    • ENS Economic Bureau Tags : Posted: Thursday , Mar 29, 2007 at 0034 hrs

    The RBI normally buys dollars to check the rupee from appreciating and sells dollars to prevent the Indian currency from plunging. According to forex dealers, the rupee rise was surprising considering the rise in crude oil prices. The rupee normally remains under pressure whenever oil prices rise. (With PTI)

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