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Rupee at 3-month high: Jamal Mecklai says next stop, 47/$

Surprised by rupee's appreciation Mecklai told CNBC-TV18, "At the start of the year, FIIs need to position themselves, so they have brought money in, but now we are into February and money is still coming in. So, in terms of forecasting it is going clearly in one direction."

first published: Feb 3, 2012 05:19 pm

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