Rising for the seventh continuous session, the INR(rupee) appreciated 10 paise to 66.23 against the USD in early trade today, after data showed a narrowing of current account deficit (CAD) to 1.6 per-cent of the GDP in the Sep Q(quarter), compared with 2.2 per-cent in the year-ago quarter.
The native currency had closed at 66.33 against the greenback in the preceding session led by dollar selling by banks and exporters.
Today, the gains were also supported by firm cues from other Asian currency markets. Taiwanese dollar bounced to 0.95 per-cent; Indonesian rupiah (0.33 per-cent), Korean won (0.20 per cent) & Japanese yen (0.05%) too were trading higher. Malaysian ringgit, Thai baht & Singapore dollar, in the mean time, inched lower. Chinese yuan was flat.
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