Finance, Forex and Investments

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Summary: (NEER) of rupee depreciated by 3.3 per cent during April-January 2004-05, the real effective exchange rate (REER) fell marginally by 0.4 per cent, indicating fair valuation. Forward rates began the year at a discount, reflecting the excess supply conditions in the spot segment. They, however, turned into premia from June 2004 with the

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