Share Tips Tomorrow, 30 Aug 2013

The Indian rupee posted its biggest single-day gain since mid-January 1998 as the central bank's latest move to shore up the currency by providing dollars to oil firms directly and the relatively aggressive internvention helped.

The partially convertible rupee closed at 66.55/56 per dollar, up 3.46 percent on the day, its biggest single-day rise since Jan. 19, 1998. The unit had closed at 68.80/81 on Wednesday after hitting a record low of 68.85.

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