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Indian rupee rises as Asian stocks, currencies rally

July 27, 2012

Cashier counts Indian rupees.—File Photo
Cashier counts Indian rupees.— File Photo

MUMBAI: The Indian rupee rose in opening trade on Friday, extending gains for a second successive session, as Asian stocks rose and the euro steadied on hopes the European Central Bank will take all steps needed to protect the euro zone.

At 9:03 am, the rupee was at 55.49/51 to the dollar versus its last close of 55.52/53.