Sunday, 23 September 2007

duit-duit...

TO GO WITH INDIA-ECONOMY-FOREX-ANALYSIS BY PENNY MACRAE (FILES) In this picture taken 27 February 2007, an Indian bank employee counts rupee currency notes in Mumbai. India's rupee is set to head higher against the dollar as foreign investors pour money into the rapidly growing economy and the only question is how fast the currency will rise, analysts say. Lifted by a tide of overseas money into domestic shares following a cut in US interest rates, the Indian currency strengthened beyond the psychologically key 40 rupees to the dollar barrier for the first time in nine years last week. The rupee closed 21 September 2007, at 39.87 to the dollar and analysts expect it to gain further in coming months as foreign investors buy shares and pour money into plants and infrastructure projects to exploit the booming economy

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