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Recouping from sharp early losses, the rupee gained an impressive 56 paise at 52.91/92 against dollar, to snap four-day losing string as hopes of strong fund flows got a boost from Finance Minister Pranab Mukherjee's deferring the controversial GAAR by one-year.

 
 
Finance Minister Pranab Mukherjee says the Indian economy is more resilient than many other nations to withstand this fresh round of global economic turmoil.
Finance Minister Pranab Mukherjee says said deteriorating balance of payment situation in several Asian countries also put stress on currencies.
"The railways should explore other avenues of revenue which have a comparatively low gestation period," said the Parliamentary Standing Committee on Railways.
India's exports grew 21 per cent and marginally crossed the exports target at $303.7 billion in 2011-12 over the previous fiscal.
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