May 28, 2012 11:15 AM

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Rupee strengthens by 32 paise against US Dollar

The rupee on Monday strengthened by another 32 paise to 55.05 rupee against the US dollar in early trade. The gain was supported by a higher opening on the stock market amid selling of the American currency by exporters. The rupee had gained 27 paise to close at 55.37 rupee against the dollar in the previous session on Friday after RBI intervened on currency breaching the 56-level.

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