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    HomeNewsBusinessMarketsRupee higher on strong China trade data

    Rupee higher on strong China trade data

    The rupee rises after opening flat, at 54.62/64 versus last close at 54.75/76. "There is a small bout of selling that has come in after the good China data," says foreign bank dealer.

    January 10, 2013 / 12:26 IST

    The rupee rises after opening flat, at 54.62/64 versus last close at 54.75/76.

    "There is a small bout of selling that has come in after the good China data," says foreign bank dealer.

    China's exports in December grew 14.1 percent from a year earlier to hit a seven-month peak, data showed on Thursday, while analysts polled by Reuters expected annual growth of 4 percent. Imports grew 6 percent.

    Gold buying slows as prices move sideways

    The government's move to mend public finances is also positive for the rupee.

    Local shares open strong, up 0.53 percent.

    first published: Jan 10, 2013 10:24 am

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