Rupee jumps 1% as RBI curbs dollar demand

The rupee rallied nearly 100 paise or 1% to 95.77 against the US dollar on Monday, bouncing back from a near all-time low after the RBI clamped down on speculative currency trading. Rupee opened the day at 95.76 per dollar against previous close of 96.73 and appreciated to 95.5850 during the day.

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