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Forex dealers said rupee faltered on weak opening at the stock market, high demand for US dollar from importers, and high oil prices, which hovered around $90 a barrel.

 
 
Its revision - from and earlier 8.2 per cent - came on a day when the government said growth rate could cross 9 per cent in the current financial year itself.
Dealers said sustained dollar selling by exporters and banks, coupled with mixed trend in other Asian currencies against the dollar, kept the rupee sentiment firm.
The Indian Rupee continued to rule firm and hit three-week high of Rs 44.89 against the US currency.
At present, the size of kidswear market in India is estimated at about Rs 38,000 crore - accounting for 25 per cent of the total Indian apparel category.
The IMF chief also said higher economic growth than what is being witnessed by India may lead to risks of inflation and high current account deficit in the country.
 
 
Ahluwalia's remarks came a day after IMF Managing Director Dominique Strauss-Kahn said next heads of the Fund and World Bank should be from outside US and Europe.
Food inflation fell to a four-month low of 8.60 per cent for the week ended November 20, as prices of vegetables, wheat and pulses declined on increased output.
The week is only getting better, with food inflation dropping to 8. 6 per cent for the week ended November 20, from 10.15 per cent in the previous week.
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